UBS Group AG Boosts Stock Position in Fox Co. (NASDAQ:FOX)

UBS Group AG lifted its position in shares of Fox Co. (NASDAQ:FOX – Get Rating) by 82.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,521 shares of the company’s stock after purchasing an additional 115,662 shares during the period. UBS Group AG’s holdings in FOX were worth $7,270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. National Bank of Canada FI raised its stake in FOX by 501.3% in the fourth quarter. National Bank of Canada FI now owns 1,344,002 shares of the company’s stock worth $38,237,000 after buying an additional 1,120,492 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in FOX by 6,397.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 915,490 shares of the company’s stock worth $26,046,000 after buying an additional 901,400 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in FOX by 100.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,694,454 shares of the company’s stock worth $48,292,000 after buying an additional 851,054 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in FOX by 518.8% in the third quarter. Canada Pension Plan Investment Board now owns 913,533 shares of the company’s stock worth $26,036,000 after buying an additional 765,900 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in FOX by 78.0% in the fourth quarter. Toronto Dominion Bank now owns 1,308,523 shares of the company’s stock worth $37,205,000 after buying an additional 573,215 shares in the last quarter. 23.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reiterated a “neutral” rating and set a $35.00 target price on shares of FOX in a report on Wednesday, March 22nd.

FOX Price Performance

FOX stock opened at $28.65 on Thursday. The firm has a 50 day moving average price of $30.13 and a 200-day moving average price of $30.29. Fox Co. has a 52-week low of $26.35 and a 52-week high of $34.42. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 13.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.64 and a current ratio of 1.75.

FOX (NASDAQ:FOX – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.45. FOX had a net margin of 7.84% and a return on equity of 16.36%. The firm had revenue of $4.08 billion during the quarter. During the same quarter in the previous year, the business posted $0.54 earnings per share.

About FOX

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Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.