Y Intercept Hong Kong Ltd Invests $333,000 in Fox Corporation (NASDAQ:FOXA)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,881 shares of the company's stock, valued at approximately $333,000.

A number of other institutional investors have also modified their holdings of the stock. CWM LLC increased its stake in shares of FOX by 8.6% in the 1st quarter. CWM LLC now owns 6,663 shares of the company's stock valued at $377,000 after purchasing an additional 527 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in 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 buying an additional 368 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in FOX by 7.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,433 shares of the company's stock worth $364,000 after buying an additional 464 shares during the last quarter. Private Trust Co. NA boosted its holdings in FOX by 86.5% in the 1st quarter. Private Trust Co. NA now owns 929 shares of the company's stock worth $53,000 after buying an additional 431 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in FOX by 152.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,794 shares of the company's stock worth $1,800,000 after buying an additional 19,181 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 21.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on FOXA. Loop Capital lifted their price objective on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and issued a $62.00 price objective (up from $60.00) on shares of FOX in a report on Wednesday, June 25th. Wells Fargo & Company upped their price objective on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Cfra Research cut FOX from a "moderate buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, UBS Group set a $65.00 price objective on FOX and gave the company a "buy" rating in a report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, FOX presently has a consensus rating of "Hold" and an average price target of $53.53.

FOX Stock Down 0.4%

Shares of FOXA stock traded down $0.22 on Friday, reaching $55.54. 3,918,713 shares of the stock were exchanged, compared to its average volume of 3,935,003. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The business's 50 day moving average price is $55.43 and its 200 day moving average price is $53.42. The company has a market capitalization of $24.97 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.24 and a beta of 0.51. Fox Corporation has a twelve month low of $36.09 and a twelve month high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The company's revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts expect that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

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.