Jacobs Levy Equity Management Inc. Has $14.98 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Jacobs Levy Equity Management Inc. reduced its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 77.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,368 shares of the company's stock after selling 1,078,739 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.07% of FOX worth $14,981,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FOXA. Janus Henderson Group PLC grew its stake in shares of FOX by 4.7% during the 4th quarter. Janus Henderson Group PLC now owns 11,285 shares of the company's stock worth $548,000 after acquiring an additional 507 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in FOX during the fourth quarter worth $1,404,000. Gotham Asset Management LLC grew its position in FOX by 9.3% in the fourth quarter. Gotham Asset Management LLC now owns 435,719 shares of the company's stock valued at $21,167,000 after purchasing an additional 37,082 shares in the last quarter. Focus Partners Wealth acquired a new stake in FOX in the 4th quarter valued at $365,000. Finally, Ethic Inc. bought a new stake in FOX during the 4th quarter worth about $485,000. 52.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FOXA. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their target price 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. Loop Capital upped their price target on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and increased their price target for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.71.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 21.77% of the stock is currently owned by company insiders.

FOX Stock Performance

NASDAQ FOXA traded up $0.62 on Friday, reaching $56.08. The stock had a trading volume of 3,573,062 shares, compared to its average volume of 3,482,928. Fox Co. has a 1-year low of $32.45 and a 1-year 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 cap of $25.43 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The firm has a fifty day moving average of $51.27 and a two-hundred day moving average of $50.19.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. 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 EPS. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. On average, equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current 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.