Fox Co. (NASDAQ:FOXA) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Fox Co. (NASDAQ:FOXAGet Rating) by 11.7% in the third quarter, HoldingsChannel reports. The firm owned 4,368 shares of the company’s stock after acquiring an additional 459 shares during the period. Van ECK Associates Corp’s holdings in FOX were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glenview Trust Co boosted its stake in FOX by 4.8% during the 2nd quarter. Glenview Trust Co now owns 7,261 shares of the company’s stock valued at $234,000 after purchasing an additional 332 shares during the period. Empirical Finance LLC boosted its stake in FOX by 5.4% during the 2nd quarter. Empirical Finance LLC now owns 6,656 shares of the company’s stock valued at $214,000 after purchasing an additional 343 shares during the period. Mutual of America Capital Management LLC boosted its stake in FOX by 0.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 57,754 shares of the company’s stock valued at $1,857,000 after purchasing an additional 357 shares during the period. Captrust Financial Advisors boosted its stake in FOX by 9.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,480 shares of the company’s stock valued at $144,000 after purchasing an additional 405 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of FOX by 15.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,088 shares of the company’s stock worth $95,000 after acquiring an additional 424 shares during the period. 55.65% of the stock is owned by institutional investors and hedge funds.

FOX Stock Down 0.5 %

FOXA stock opened at $31.31 on Friday. Fox Co. has a 52-week low of $28.01 and a 52-week high of $44.95. The company’s 50 day simple moving average is $31.12 and its 200-day simple moving average is $32.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.60 and a quick ratio of 3.16. The firm has a market capitalization of $16.99 billion, a P/E ratio of 15.66, a P/E/G ratio of 0.92 and a beta of 0.85.

FOX (NASDAQ:FOXAGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. FOX had a net margin of 7.85% and a return on equity of 14.24%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. As a group, equities research analysts anticipate that Fox Co. will post 3.55 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FOXA shares. Barclays reduced their price target on shares of FOX from $37.00 to $36.00 in a research note on Tuesday, October 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of FOX from $46.00 to $42.00 in a research note on Wednesday, November 2nd. Guggenheim reduced their price target on shares of FOX from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, January 5th. Argus raised shares of FOX from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, October 6th. Finally, UBS Group reduced their price target on shares of FOX from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.13.

FOX Company Profile

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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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

Further Reading

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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