GAMMA Investing LLC Takes $53,000 Position in Fox Co. (NASDAQ:FOXA)

GAMMA Investing LLC bought a new stake in shares of Fox Co. (NASDAQ:FOXA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,654 shares of the company’s stock, valued at approximately $53,000.

Other large investors have also recently modified their holdings of the company. Empirical Finance LLC grew its position in FOX by 3.8% in the 3rd quarter. Empirical Finance LLC now owns 10,212 shares of the company’s stock valued at $319,000 after acquiring an additional 372 shares during the last quarter. Deane Retirement Strategies Inc. bought a new position in FOX in the 4th quarter valued at $2,752,000. Federated Hermes Inc. grew its position in FOX by 3.9% in the 3rd quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock valued at $1,059,000 after acquiring an additional 1,271 shares during the last quarter. AustralianSuper Pty Ltd grew its position in FOX by 66.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock valued at $46,935,000 after acquiring an additional 632,522 shares during the last quarter. Finally, Duality Advisers LP grew its position in FOX by 273.1% in the 3rd quarter. Duality Advisers LP now owns 49,233 shares of the company’s stock valued at $1,536,000 after acquiring an additional 36,038 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 1.1 %

Shares of NASDAQ FOXA opened at $31.66 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The stock has a market capitalization of $15.03 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The business has a fifty day moving average price of $30.43 and a 200 day moving average price of $30.42.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data 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. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Equities research analysts expect that Fox Co. will post 3.18 EPS for the current fiscal year.

FOX Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on FOXA shares. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Macquarie increased their price target on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Citigroup raised FOX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Finally, Wells Fargo & Company dropped their price target on FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.