Woodline Partners LP Has $31.77 Million Stake in Fox Co. (NASDAQ:FOXA)

Woodline Partners LP increased its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 653,889 shares of the company's stock after acquiring an additional 14,536 shares during the period. Woodline Partners LP owned 0.14% of FOX worth $31,766,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Virtus Investment Advisers Inc. acquired a new position in shares of FOX during the 4th quarter valued at about $251,000. WBI Investments LLC acquired a new position in shares of FOX during the 4th quarter valued at about $290,000. Two Sigma Investments LP increased its holdings in shares of FOX by 7.3% during the 4th quarter. Two Sigma Investments LP now owns 27,569 shares of the company's stock valued at $1,339,000 after acquiring an additional 1,869 shares during the last quarter. Tabor Asset Management LP acquired a new position in shares of FOX during the 4th quarter valued at about $1,116,000. Finally, Siemens Fonds Invest GmbH acquired a new position in shares of FOX during the 4th quarter valued at about $987,000. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Performance

Shares of FOXA stock traded up $0.06 during mid-day trading on Friday, reaching $55.04. The stock had a trading volume of 2,905,809 shares, compared to its average volume of 3,502,463. The firm's 50 day simple moving average is $51.68 and its 200 day simple moving average is $50.73. 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 Co. has a one year low of $32.76 and a one year high of $58.74. The firm has a market cap of $24.75 billion, a PE ratio of 11.79, a P/E/G ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $4.14 billion. During the same period in the prior year, the firm posted $1.40 EPS. FOX's quarterly revenue was up 26.8% compared to the same quarter last year. On average, analysts forecast that Fox Co. will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a report on Monday, April 7th. Barclays restated an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Cowen restated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their target price on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, UBS Group increased their target price on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.71.

FOX Company 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.