Fox Co. (NASDAQ:FOXA) Shares Acquired by Woodline Partners LP

Woodline Partners LP increased its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 653,889 shares of the company's stock after purchasing 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 SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of FOX during the fourth quarter valued at about $132,161,000. Jupiter Asset Management Ltd. purchased a new stake in FOX during the fourth quarter valued at approximately $67,471,000. FMR LLC boosted its stake in FOX by 240.2% in the fourth quarter. FMR LLC now owns 1,884,927 shares of the company's stock valued at $91,570,000 after acquiring an additional 1,330,908 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in FOX by 308.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after purchasing an additional 919,883 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of FOX by 3,077.5% during the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock worth $43,016,000 after purchasing an additional 857,609 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of NASDAQ FOXA traded up $0.06 during midday trading on Monday, hitting $55.04. The stock had a trading volume of 2,905,809 shares, compared to its average volume of 3,508,314. 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 stock has a 50 day simple moving average of $51.68 and a 200-day simple moving average of $50.81. Fox Co. has a 1 year low of $32.76 and a 1 year high of $58.74. The company has a market capitalization 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, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 EPS. On average, sell-side analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a report on Monday, April 7th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Morgan Stanley lifted their target price on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued 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 a consensus price target 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.