Victory Capital Management Inc. Acquires 169,454 Shares of Fox Co. (NASDAQ:FOXA)

Victory Capital Management Inc. grew its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 30.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 717,625 shares of the company's stock after buying an additional 169,454 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of FOX worth $21,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC grew its holdings in FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company's stock valued at $29,000 after purchasing an additional 845 shares during the last quarter. MV Capital Management Inc. raised its holdings in shares of FOX by 36.5% in the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company's stock worth $44,000 after buying an additional 379 shares during the period. GAMMA Investing LLC bought a new stake in shares of FOX during the 4th quarter worth approximately $53,000. ING Groep NV purchased a new position in FOX during the 3rd quarter valued at $58,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in FOX in the 4th quarter valued at $76,000. 52.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FOXA. TheStreet cut shares of FOX from a "b-" rating to a "c" rating in a report on Wednesday, February 7th. Wells Fargo & Company dropped their price objective on FOX from $30.00 to $28.00 and set an "underweight" rating on the stock in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft upped their target price on FOX from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday. Macquarie raised their price target on FOX from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. Finally, Citigroup upgraded FOX from a "neutral" rating to a "buy" rating and lifted their price target for the company from $34.00 to $35.00 in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.42.

FOX Price Performance

Shares of NASDAQ:FOXA traded up $0.09 during midday trading on Friday, hitting $33.41. 2,427,857 shares of the stock were exchanged, compared to its average volume of 3,316,768. The stock has a market cap of $15.87 billion, a P/E ratio of 19.77, a PEG ratio of 0.43 and a beta of 0.77. Fox Co. has a twelve month low of $28.28 and a twelve month high of $35.40. The company has a 50 day moving average price of $30.73 and a 200-day moving average price of $30.47. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business earned $0.48 earnings per share. The company's quarterly revenue was down 8.1% on a year-over-year basis. On average, research analysts forecast that Fox Co. will post 3.18 earnings per share 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 Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.