Robeco Institutional Asset Management B.V. Purchases 919,883 Shares of Fox Co. (NASDAQ:FOXA)

Robeco Institutional Asset Management B.V. grew its position in Fox Co. (NASDAQ:FOXA) by 308.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,218,070 shares of the company’s stock after buying an additional 919,883 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in FOX were worth $59,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FOXA. Crossmark Global Holdings Inc. boosted its position in FOX by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after purchasing an additional 385 shares during the period. Ritholtz Wealth Management grew its stake in FOX by 4.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,104 shares of the company’s stock valued at $491,000 after buying an additional 399 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in FOX by 9.0% in the 4th quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company’s stock valued at $255,000 after acquiring an additional 431 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in FOX by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock worth $1,249,000 after acquiring an additional 451 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Up 0.8 %

FOXA stock opened at $50.43 on Thursday. The firm has a 50-day moving average price of $48.08 and a 200-day moving average price of $43.42. The stock has a market capitalization of $23.03 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. Fox Co. has a 12 month low of $28.28 and a 12 month high of $50.88. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA) last posted its earnings results on Monday, November 4th. The company reported $1.45 earnings per share 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 firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Fox Co. will post 4.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FOXA shares. Morgan Stanley increased their target price on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Citigroup lifted their target price on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Moffett Nathanson downgraded shares of FOX from a “buy” rating to a “neutral” rating and upped their price target for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. TD Cowen lifted their price objective on shares of FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI raised shares of FOX to a “hold” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.25.

Insider Buying and Selling at FOX

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

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.