Optas LLC Takes $278,000 Position in Fox Co. (NASDAQ:FOXA)

Optas LLC purchased a new position in shares of Fox Co. (NASDAQ:FOXA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,722 shares of the company’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after buying an additional 425,186 shares during the last quarter. KBC Group NV lifted its holdings in FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after acquiring an additional 851,127 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in FOX by 228.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after purchasing an additional 964,737 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in FOX by 308.5% in 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 period. Finally, JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 110,753 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Up 5.2 %

FOX stock opened at $54.64 on Wednesday. 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 fifty-two week low of $28.28 and a fifty-two week high of $55.56. The stock has a market cap of $24.96 billion, a P/E ratio of 13.36, a PEG ratio of 1.25 and a beta of 0.76. The firm’s fifty day moving average price is $48.46 and its 200-day moving average price is $43.83.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. Equities research analysts forecast that Fox Co. will post 4.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FOXA shares. Evercore ISI raised shares of FOX to a “hold” rating in a report on Tuesday, November 5th. Bank of America increased their target price on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Moffett Nathanson cut shares of FOX from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Wells Fargo & Company increased their price objective on FOX from $49.00 to $59.00 and gave the company an “underweight” rating in a report on Friday, January 10th. Finally, Citigroup boosted their target price on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, FOX has an average rating of “Hold” and a consensus target price of $48.25.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. 21.77% of the stock is currently owned by company insiders.

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.