Jackson Creek Investment Advisors LLC Invests $1.14 Million in Fox Corporation (NASDAQ:FOXA)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Fox Corporation (NASDAQ:FOXA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,164 shares of the company’s stock, valued at approximately $1,141,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenleaf Trust grew its position in shares of FOX by 3.1% during the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company’s stock valued at $384,000 after acquiring an additional 205 shares during the period. DnB Asset Management AS increased its position in FOX by 0.6% in the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company’s stock worth $2,141,000 after buying an additional 245 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. Allworth Financial LP increased its holdings in FOX by 55.2% in the 1st quarter. Allworth Financial LP now owns 787 shares of the company’s stock worth $45,000 after acquiring an additional 280 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in FOX by 0.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 49,869 shares of the company’s stock worth $2,823,000 after acquiring an additional 293 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

FOXA stock traded up $0.02 during midday trading on Friday, reaching $56.41. The stock had a trading volume of 197,726 shares, compared to its average volume of 4,012,990. The firm has a fifty day simple moving average of $55.15 and a two-hundred day simple moving average of $52.92. Fox Corporation has a 52-week low of $36.09 and a 52-week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The stock has a market cap of $25.36 billion, a PE ratio of 14.04, a P/E/G ratio of 1.24 and a beta of 0.51.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 earnings per share. As a group, equities research analysts anticipate that Fox Corporation will post 4.38 EPS for the current year.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the sale, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,415,316.51. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 21.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley increased their price target on FOX from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. Cfra Research lowered shares of FOX from a “moderate buy” rating to a “hold” rating in a research report on Friday, June 27th. Barclays reissued an “outperform” rating on shares of FOX in a research note on Tuesday, May 13th. Wolfe Research raised shares of FOX from an “underperform” rating to a “peer perform” rating in a report on Wednesday, July 9th. Finally, UBS Group set a $65.00 price objective on FOX and gave the stock a “buy” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.53.

FOX Profile

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.