Voloridge Investment Management LLC Purchases 186,166 Shares of Fox Co. (NASDAQ:FOXA)

Voloridge Investment Management LLC increased its position in Fox Co. (NASDAQ:FOXA - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,531,034 shares of the company's stock after purchasing an additional 186,166 shares during the period. Voloridge Investment Management LLC owned approximately 0.34% of FOX worth $74,378,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FOXA. WealthTrak Capital Management LLC bought a new stake in FOX during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% during the fourth 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. acquired a new position in shares of FOX during the fourth quarter valued at about $28,000. Jones Financial Companies Lllp increased its position in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FOXA. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and lifted their price target for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Morgan Stanley upped their price target on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Wells Fargo & Company raised 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. Finally, Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average price target of $52.71.

FOX Stock Performance

Shares of FOXA stock opened at $56.50 on Wednesday. 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 firm has a market cap of $25.40 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a 52 week low of $32.51 and a 52 week high of $58.74. The firm's 50-day simple moving average is $51.52 and its two-hundred day simple moving average is $50.54.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. As a group, equities analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

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.

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