Vise Technologies Inc. Purchases Shares of 4,566 Fox Co. (NASDAQ:FOXA)

Vise Technologies Inc. bought a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,566 shares of the company's stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JT Stratford LLC acquired a new stake in FOX during the 4th quarter worth $1,647,000. PharVision Advisers LLC bought a new position in shares of FOX in the 4th quarter valued at $502,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of FOX by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,676,877 shares of the company's stock valued at $130,043,000 after acquiring an additional 219,016 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of FOX by 13.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,531,034 shares of the company's stock worth $74,378,000 after acquiring an additional 186,166 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of FOX by 275.7% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 404,344 shares of the company's stock valued at $19,643,000 after buying an additional 296,713 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Stock Down 0.1%

Shares of FOXA stock traded down $0.06 during mid-day trading on Friday, reaching $54.69. 6,991,266 shares of the company were exchanged, compared to its average volume of 3,522,535. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market capitalization of $24.59 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.27 and a beta of 0.51. The business's 50 day simple moving average is $51.85 and its 200 day simple moving average is $51.07.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company's revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on FOXA. Wells Fargo & Company upped their price objective on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and set a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the company a "buy" rating in a research note on Tuesday, February 4th. Loop Capital raised their price target on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group lifted their price target on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $52.71.

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.