14,639 Shares in Fox Co. (NASDAQ:FOXA) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Fox Co. (NASDAQ:FOXA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,639 shares of the company’s stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXA. Janney Montgomery Scott LLC boosted its stake in FOX by 66.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,396 shares of the company’s stock worth $419,000 after purchasing an additional 5,331 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in FOX by 31.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock worth $15,523,000 after buying an additional 117,458 shares in the last quarter. Vanguard Group Inc. lifted its position in FOX by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company’s stock worth $934,354,000 after buying an additional 1,653,913 shares in the last quarter. Edgestream Partners L.P. lifted its position in FOX by 283.7% in the 1st quarter. Edgestream Partners L.P. now owns 46,029 shares of the company’s stock worth $1,439,000 after buying an additional 34,034 shares in the last quarter. Finally, Covestor Ltd lifted its position in FOX by 283.0% in the 1st quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $90,000 after buying an additional 2,128 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ FOXA opened at $45.38 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.17 and a beta of 0.76. The company’s fifty day moving average is $42.33 and its two-hundred day moving average is $38.33. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.58.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Equities research analysts forecast that Fox Co. will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the sale, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FOXA shares. Wells Fargo & Company increased their target price on shares of FOX from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen raised their price target on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Rosenblatt Securities raised their price target on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley raised their price target on shares of FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.00.

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.