Advisor Partners LLC acquired a new position in shares of Fox Co. (NASDAQ:FOX – Get Rating ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,563 shares of the company’s stock, valued at approximately $202,000.
Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of FOX in the fourth quarter valued at $41,661,000. Contrarius Investment Management Ltd raised its stake in shares of FOX by 35.6% in the fourth quarter. Contrarius Investment Management Ltd now owns 2,623,683 shares of the company’s stock valued at $89,914,000 after buying an additional 688,278 shares during the period. State Street Corp raised its stake in shares of FOX by 6.3% in the fourth quarter. State Street Corp now owns 7,496,014 shares of the company’s stock valued at $256,888,000 after purchasing an additional 445,775 shares during the period. Segantii Capital Management Ltd raised its stake in shares of FOX by 318.6% in the 1st quarter. Segantii Capital Management Ltd now owns 496,497 shares of the company’s stock valued at $18,013,000 after buying an additional 377,876 shares during the period. Finally, CQS US LLC raised its stake in shares of FOX by 18.0% in the fourth quarter. CQS US LLC now owns 2,352,717 shares of the company’s stock valued at $80,628,000 after buying an additional 358,640 shares during the period. 23.96% of the shares are currently owned by hedge funds and other institutional investors.
Changes in analysts’ estimates
Separately, Wolfe Research downgraded shares of FOX to a “peer perform” rating and decreased their target price for the company from $52.00 to $39.00 in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.33.
FOX Trading increased by 3.4%
FOX opened at $31.03 on Friday. The stock has a market capitalization of $17.28 billion, a PE ratio of 15.59 and a beta of 0.99. The firm’s fifty day moving average price is $30.76 and its 200 day moving average price is $34.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.73, and a quick ratio of 3.36. Fox Co. it has a 12-month low of $28.96 and a 12-month high of $40.91.
FOX (NASDAQ: FOX – Get Rating ) last released its earnings results on Tuesday, May 10th. The company reported $0.81 earnings per share for the quarter. The company had revenue of $3.46 billion for the quarter. FOX had a net margin of 8.33% and a return on equity of 13.84%.
Fox Corporation operates as a news, sports and entertainment company in the United States. The company operates in three segments: Cable Network Programming; Television; and Other, Corporations and Eliminations. The Cable Network Programming segment produces and licenses news, business news and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online distributors of multi-channel video programming.
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