13,771 Shares in Fox Co. (NASDAQ:FOXA) Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new stake in shares of Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,771 shares of the company’s stock, valued at approximately $669,000.

A number of other hedge funds have also recently modified their holdings of FOXA. JPMorgan Chase & Co. lifted its position in FOX by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after acquiring an additional 110,753 shares during the period. Entropy Technologies LP purchased a new position in shares of FOX during the third quarter valued at approximately $546,000. Invst LLC bought a new stake in shares of FOX in the 3rd quarter worth approximately $740,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of FOX in the 3rd quarter worth approximately $2,867,000. Finally, Park Avenue Securities LLC increased its position in FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock valued at $752,000 after buying an additional 3,787 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ:FOXA opened at $51.02 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a 50-day simple moving average of $48.17 and a two-hundred day simple moving average of $43.47. The firm has a market capitalization of $23.30 billion, a PE ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 0.75. Fox Co. has a 52-week low of $28.28 and a 52-week high of $51.08.

FOX (NASDAQ:FOXA) last released its 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. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Analysts forecast that Fox Co. will post 4.09 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on FOXA. JPMorgan Chase & Co. boosted their target price on FOX from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Wells Fargo & Company increased their price objective on shares of FOX from $49.00 to $59.00 and gave the company an “underweight” rating in a research report on Friday, January 10th. The Goldman Sachs Group lifted their target price on shares of FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Loop Capital raised their price target on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.25.

Insider Buying and Selling

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

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.