Schonfeld Strategic Advisors LLC Has $8.47 Million Stake in Fox Co. (NASDAQ:FOXA)

Schonfeld Strategic Advisors LLC grew its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 357.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,264 shares of the company's stock after purchasing an additional 136,186 shares during the period. Schonfeld Strategic Advisors LLC's holdings in FOX were worth $8,466,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. World Investment Advisors LLC acquired a new position in FOX in the third quarter valued at about $3,587,000. Tidal Investments LLC raised its position in shares of FOX by 24.6% in the 3rd quarter. Tidal Investments LLC now owns 33,672 shares of the company's stock valued at $1,425,000 after buying an additional 6,658 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of FOX by 108.4% during the 3rd quarter. Franklin Resources Inc. now owns 177,342 shares of the company's stock worth $7,369,000 after acquiring an additional 92,244 shares during the period. Principal Financial Group Inc. boosted its position in shares of FOX by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 291,051 shares of the company's stock worth $12,320,000 after acquiring an additional 1,178 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock valued at $47,649,000 after acquiring an additional 110,753 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FOXA has been the topic of a number of research analyst reports. Loop Capital raised their target price on FOX from $60.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. UBS Group decreased 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. JPMorgan Chase & Co. increased their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Finally, Barclays dropped their price objective on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $50.65.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were 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 approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

FOX Stock Performance

NASDAQ:FOXA opened at $49.22 on Friday. The company has a market capitalization of $22.32 billion, a PE ratio of 10.54, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a fifty-two week low of $31.17 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a 50 day simple moving average of $52.17 and a two-hundred day simple moving average of $49.52.

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

FOX Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio is currently 11.56%.

About FOX

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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