1,204 Shares in Fox Co. (NASDAQ:FOXA) Purchased by Quest Partners LLC

Quest Partners LLC bought a new position in Fox Co. (NASDAQ:FOXA) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,204 shares of the company’s stock, valued at approximately $51,000.

Several other large investors have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its holdings in shares of FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after purchasing an additional 461 shares in the last quarter. Friedenthal Financial purchased a new stake in FOX in the 2nd quarter valued at $51,000. Duncker Streett & Co. Inc. purchased a new position in FOX during the 2nd quarter worth $52,000. GAMMA Investing LLC boosted its holdings in FOX by 97.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock worth $115,000 after acquiring an additional 1,647 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of FOX in the third quarter valued at about $141,000. Institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Barclays boosted their target price on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Rosenblatt Securities lifted their target price on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.00.

Insiders Place Their Bets

In related news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. Insiders have sold 469,352 shares of company stock worth $20,822,072 in the last three months. 21.77% of the stock is currently owned by corporate insiders.

FOX Stock Performance

NASDAQ:FOXA opened at $47.12 on Friday. The business’s fifty day moving average is $43.50 and its 200 day moving average is $39.14. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.58.

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

FOX Company 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.