Sherbrooke Park Advisers LLC Increases Stock Position in Fox Co. (NASDAQ:FOXA)

Sherbrooke Park Advisers LLC raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 33.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,852 shares of the company's stock after purchasing an additional 5,201 shares during the period. Sherbrooke Park Advisers LLC's holdings in FOX were worth $1,013,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. WealthTrak Capital Management LLC purchased a new stake in shares of FOX in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. raised its position in shares of FOX by 91.0% in the fourth 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp raised its position in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised 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 valued at $33,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated 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 owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 21.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FOXA. Cowen reissued a "hold" rating on shares of FOX in a research report on Tuesday. Barclays reissued an "outperform" rating on shares of FOX in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Wells Fargo & Company upped their price target on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, FOX currently has a consensus rating of "Hold" and an average price target of $52.71.

FOX Price Performance

Shares of FOXA opened at $55.46 on Friday. The stock has a market capitalization of $25.15 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a twelve month low of $32.45 and a twelve month high of $58.74. The company has a 50 day moving average of $51.27 and a 200-day moving average of $50.19. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

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 the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The firm's revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, equities research analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

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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