Jacobs Levy Equity Management Inc. Grows Stock Holdings in Fox Co. (NASDAQ:FOXA)

Jacobs Levy Equity Management Inc. lifted its stake in shares of Fox Co. (NASDAQ:FOXA) by 228.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,387,107 shares of the company’s stock after acquiring an additional 964,737 shares during the period. Jacobs Levy Equity Management Inc. owned 0.30% of FOX worth $58,716,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of FOX by 25.2% during the first quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock valued at $4,362,000 after acquiring an additional 28,072 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of FOX during the third quarter valued at approximately $546,000. Manning & Napier Advisors LLC bought a new stake in FOX during the 2nd quarter valued at $5,219,000. Edgestream Partners L.P. grew its position in FOX by 343.1% in the 2nd quarter. Edgestream Partners L.P. now owns 203,956 shares of the company’s stock valued at $7,010,000 after buying an additional 157,927 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of FOX during the third quarter valued at approximately $2,867,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FOXA. Wells Fargo & Company upped their price target on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Cfra reiterated a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. UBS Group lifted their price target on FOX from $44.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley upped their price objective 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. Finally, Barclays increased 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average target price of $44.00.

Insider Activity

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 469,352 shares of company stock worth $20,822,072 over the last quarter. Insiders own 21.77% of the company’s stock.

FOX Trading Down 0.8 %

FOXA opened at $46.41 on Wednesday. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58. 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 company’s 50-day moving average is $43.70 and its 200 day moving average is $39.38. The firm has a market capitalization of $21.20 billion, a PE ratio of 11.35, a P/E/G ratio of 1.20 and a beta of 0.77.

FOX (NASDAQ:FOXA) last announced its quarterly 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 return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. FOX’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Fox Co. will post 3.94 earnings per share for the current fiscal year.

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.