Harbor Advisors LLC Invests $202,000 in Fox Co. (NASDAQ:FOXA)

Harbor Advisors LLC acquired a new position in Fox Co. (NASDAQ:FOXA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,766 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Paloma Partners Management Co grew its holdings in FOX by 672.7% during the third quarter. Paloma Partners Management Co now owns 17,000 shares of the company’s stock valued at $720,000 after purchasing an additional 14,800 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of FOX during the 3rd quarter valued at approximately $8,531,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of FOX by 18.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,869 shares of the company’s stock valued at $2,831,000 after acquiring an additional 10,261 shares during the period. CreativeOne Wealth LLC increased its holdings in FOX by 72.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 20,914 shares of the company’s stock worth $885,000 after acquiring an additional 8,788 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in FOX by 244.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company’s stock worth $16,486,000 after acquiring an additional 276,259 shares during the period. 52.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

FOXA has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Guggenheim lifted their target price on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Macquarie reissued a “neutral” rating and set a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Barclays raised their price target on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price objective on FOX from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.00.

FOX Trading Down 0.7 %

FOXA stock opened at $46.77 on Tuesday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.58. The firm’s 50-day moving average is $43.50 and its 200 day moving average is $39.19. The company has a market capitalization of $21.36 billion, a PE ratio of 11.44, a P/E/G ratio of 1.21 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Fox Co. will post 3.94 EPS for the current year.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Insiders sold a total of 469,352 shares of company stock valued at $20,822,072 in the last ninety days. Corporate insiders own 21.77% of the company’s stock.

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.