Voloridge Investment Management LLC Has $74.38 Million Stock Position in Fox Co. (NASDAQ:FOXA)

Voloridge Investment Management LLC increased its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,531,034 shares of the company's stock after purchasing an additional 186,166 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.34% of FOX worth $74,378,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new position in FOX in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. lifted its holdings in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after buying an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its holdings in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in FOX by 122.3% during the fourth 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. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Up 0.1%

Shares of FOX stock traded up $0.06 during trading hours on Monday, hitting $55.04. The company's stock had a trading volume of 2,905,809 shares, compared to its average volume of 3,508,314. The company has a market capitalization of $24.75 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock has a 50 day moving average of $51.68 and a 200 day moving average of $50.81. Fox Co. has a 12 month low of $32.76 and a 12 month high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. Analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on FOXA. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Guggenheim reiterated a "buy" rating and issued a $60.00 price objective on shares of FOX in a report on Tuesday, March 25th. Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their target price on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, UBS Group upped their price target on 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.71.

FOX Profile

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.