Versant Capital Management Inc boosted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 403.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,634 shares of the company's stock after purchasing an additional 6,918 shares during the quarter. Versant Capital Management Inc's holdings in FOX were worth $489,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new position in FOX in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. raised its holdings in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp raised its holdings in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 52.52% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on FOXA shares. The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a report on Monday, April 7th. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Guggenheim reissued a "buy" rating and issued a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average price target of $52.71.
View Our Latest Research Report on FOX
FOX Price Performance
FOXA stock traded up $0.20 during midday trading on Monday, reaching $55.14. 3,753,654 shares of the company's stock traded hands, compared to its average volume of 3,515,525. The company has a 50-day simple moving average of $51.85 and a two-hundred day simple moving average of $51.13. Fox Co. has a 1-year low of $32.76 and a 1-year high of $58.74. The company has a market cap of $24.79 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.27 and a beta of 0.51. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.
FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. 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 firm posted $1.40 EPS. The business's revenue was up 26.8% on a year-over-year basis. On average, analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.
FOX Company Profile
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Free Report)
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.
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