Fox Co. (NASDAQ:FOXA) Shares Purchased by Caxton Associates LP

Caxton Associates LP raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 239.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,021 shares of the company's stock after acquiring an additional 29,650 shares during the period. Caxton Associates LP's holdings in FOX were worth $2,041,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FOXA. WealthTrak Capital Management LLC acquired a new position in FOX in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. grew its holdings in FOX by 91.0% in the 4th 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 period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its holdings in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of FOX by 122.3% in the fourth 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 and hedge funds.

Insiders Place Their Bets

In related news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FOXA shares. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a research report on Monday, April 7th. Wells Fargo & Company dropped their price objective on FOX from $63.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group cut their target price on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and boosted their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $50.65.

FOX Stock Performance

FOX stock opened at $49.47 on Monday. Fox Co. has a 12-month low of $31.71 and a 12-month high of $58.74. 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 company has a market capitalization of $22.43 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The firm's fifty day moving average price is $52.03 and its 200 day moving average price is $49.67.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. On average, research analysts forecast that Fox Co. will post 4.38 EPS 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.

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