Lecap Asset Management Ltd. Invests $213,000 in Fox Co. (NASDAQ:FOXA)

Lecap Asset Management Ltd. purchased a new stake in shares of Fox Co. (NASDAQ:FOXA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,185 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of FOX by 3.1% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,983 shares of the company’s stock valued at $337,000 after buying an additional 334 shares during the period. Prudential PLC lifted its holdings in shares of FOX by 1.6% in the 3rd quarter. Prudential PLC now owns 23,068 shares of the company’s stock worth $720,000 after purchasing an additional 362 shares during the last quarter. Empirical Finance LLC boosted its position in FOX by 3.8% during the 3rd quarter. Empirical Finance LLC now owns 10,212 shares of the company’s stock valued at $319,000 after purchasing an additional 372 shares during the period. Belpointe Asset Management LLC grew its stake in FOX by 35.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,437 shares of the company’s stock worth $49,000 after buying an additional 377 shares during the last quarter. Finally, MV Capital Management Inc. increased its position in FOX by 36.5% in the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after buying an additional 379 shares during the period. 52.52% of the stock is currently owned by institutional investors.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $30.35 on Tuesday. The company has a market capitalization of $14.41 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The stock has a fifty day moving average of $30.13 and a 200-day moving average of $30.37. Fox Co. has a one year low of $28.28 and a one year high of $35.40.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $0.48 EPS. FOX’s revenue was down 8.1% on a year-over-year basis. As a group, equities analysts anticipate that Fox Co. will post 3.28 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were given a dividend of $0.26 per share. This represents a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 5th. FOX’s payout ratio is 30.77%.

Analyst Ratings Changes

Several research firms have recently commented on FOXA. Wolfe Research upgraded shares of FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. TheStreet lowered FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $34.00 target price on shares of FOX in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, FOX has a consensus rating of “Hold” and a consensus target price of $33.40.

FOX Company Profile

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 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.