Fox Co. (NASDAQ:FOXA) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 34.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,273 shares of the company's stock after selling 24,455 shares during the quarter. Teza Capital Management LLC's holdings in FOX were worth $2,248,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Siemens Fonds Invest GmbH acquired a new stake in shares of FOX in the fourth quarter worth $987,000. Sherbrooke Park Advisers LLC increased its stake in shares of FOX by 33.2% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,852 shares of the company's stock worth $1,013,000 after acquiring an additional 5,201 shares during the period. Rafferty Asset Management LLC increased its stake in shares of FOX by 10.7% in the fourth quarter. Rafferty Asset Management LLC now owns 19,201 shares of the company's stock worth $933,000 after acquiring an additional 1,862 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of FOX in the fourth quarter worth $905,000. Finally, Redwood Investment Management LLC acquired a new stake in shares of FOX in the fourth quarter worth $1,422,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FOXA shares. Morgan Stanley increased their price objective on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Barclays reissued an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reissued a "buy" rating and set a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Finally, Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.71.

FOX Price Performance

Shares of NASDAQ FOXA traded down $1.36 during mid-day trading on Wednesday, reaching $55.14. The company's stock had a trading volume of 3,534,975 shares, compared to its average volume of 3,495,915. The stock has a 50-day moving average of $51.52 and a two-hundred day moving average of $50.54. The stock has a market capitalization of $24.79 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 1-year low of $32.51 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period last year, the business earned $1.40 earnings per share. FOX's revenue was up 26.8% compared to the same quarter last year. On average, equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.77% of the company's stock.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.