Caprock Group LLC Has $600,000 Holdings in Fox Co. (NASDAQ:FOXA)

Caprock Group LLC boosted its stake in Fox Co. (NASDAQ:FOXA) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,357 shares of the company’s stock after purchasing an additional 2,656 shares during the quarter. Caprock Group LLC’s holdings in FOX were worth $600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOXA. Pacer Advisors Inc. raised its stake in FOX by 44,205.3% in the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock valued at $335,066,000 after purchasing an additional 7,897,710 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of FOX by 228.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock valued at $58,716,000 after purchasing an additional 964,737 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of FOX by 308.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock valued at $59,174,000 after purchasing an additional 919,883 shares during the last quarter. KBC Group NV increased its position in FOX by 56.1% during the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after purchasing an additional 851,127 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position 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 purchasing an additional 276,259 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 21.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FOXA. Evercore ISI raised shares of FOX to a “hold” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their target price on FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on FOX from $42.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Bank of America lifted their price target on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup lifted their price target on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, FOX currently has an average rating of “Hold” and an average price target of $48.25.

FOX Stock Up 5.2 %

Shares of FOX stock opened at $54.64 on Wednesday. Fox Co. has a one year low of $28.28 and a one year high of $55.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The stock’s 50-day moving average is $48.46 and its 200 day moving average is $43.83. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.25 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts anticipate that Fox Co. will post 4.12 EPS for the current year.

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.