Virtus Investment Advisers Inc. acquired a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,165 shares of the company's stock, valued at approximately $251,000.
A number of other institutional investors have also recently made changes to their positions in the business. WBI Investments LLC purchased a new position in FOX in the 4th quarter worth $290,000. Two Sigma Investments LP raised its stake in FOX by 7.3% in the 4th quarter. Two Sigma Investments LP now owns 27,569 shares of the company's stock worth $1,339,000 after acquiring an additional 1,869 shares during the last quarter. Tabor Asset Management LP purchased a new position in FOX in the 4th quarter worth $1,116,000. Siemens Fonds Invest GmbH purchased a new position in shares of FOX during the 4th quarter valued at about $987,000. Finally, Sherbrooke Park Advisers LLC raised its stake in shares of FOX by 33.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,852 shares of the company's stock valued at $1,013,000 after buying an additional 5,201 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on FOXA. Morgan Stanley lifted their price objective on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Barclays reiterated an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. UBS Group lifted their price objective on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective for the company. in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, FOX presently has a consensus rating of "Hold" and a consensus target price of $52.71.
Read Our Latest Report on FOX
FOX Trading Down 0.3%
NASDAQ FOXA traded down $0.16 on Thursday, reaching $54.98. The stock had a trading volume of 3,556,378 shares, compared to its average volume of 3,501,019. Fox Co. has a 12-month low of $32.66 and a 12-month high of $58.74. The stock has a fifty day moving average price of $51.58 and a two-hundred day moving average price of $50.57. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.27 and a beta of 0.51.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping 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 business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. The company's revenue was up 26.8% on a year-over-year basis. As a group, sell-side analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.
Insider Transactions at FOX
In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 21.77% of the company's stock.
About FOX
(
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.
See Also
Before you consider FOX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.
While FOX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
