Gotham Asset Management LLC Buys 37,082 Shares of Fox Co. (NASDAQ:FOXA)

Gotham Asset Management LLC lifted its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435,719 shares of the company's stock after purchasing an additional 37,082 shares during the period. Gotham Asset Management LLC owned approximately 0.10% of FOX worth $21,167,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of FOX during the 4th quarter worth approximately $365,000. Ethic Inc. acquired a new stake in FOX in the fourth quarter valued at $485,000. Ensign Peak Advisors Inc increased its position in shares of FOX by 16.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 171,425 shares of the company's stock valued at $8,328,000 after buying an additional 23,752 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in shares of FOX by 4.0% during the 4th quarter. Clark Capital Management Group Inc. now owns 696,726 shares of the company's stock worth $33,847,000 after buying an additional 26,830 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of FOX in the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FOXA shares. Wells Fargo & Company lowered their price target on shares of FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Morgan Stanley boosted their target price on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday. UBS Group lowered their price target on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $51.82.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company's stock, 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 filing with the SEC, which is available at this link. 21.77% of the stock is owned by corporate insiders.

FOX Price Performance

Shares of FOXA stock traded up $1.89 during trading hours on Tuesday, hitting $54.31. 692,307 shares of the company's stock were exchanged, compared to its average volume of 3,432,876. Fox Co. has a 52 week low of $32.45 and a 52 week high of $58.74. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 11.64, 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's 50-day moving average is $51.27 and its 200-day moving average is $50.03.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm's revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 earnings per share. As a group, research analysts forecast that Fox Co. will post 4.38 EPS 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.