Andra AP fonden Has $55.85 Million Position in Fox Corporation $FOX

Andra AP fonden boosted its stake in Fox Corporation (NASDAQ:FOX) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,081,700 shares of the company’s stock after purchasing an additional 80,400 shares during the quarter. FOX comprises about 0.8% of Andra AP fonden’s holdings, making the stock its 18th biggest position. Andra AP fonden owned 0.24% of FOX worth $55,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of FOX during the 1st quarter worth about $54,630,000. National Bank of Canada FI increased its position in shares of FOX by 37.7% during the first quarter. National Bank of Canada FI now owns 1,817,328 shares of the company’s stock worth $95,791,000 after acquiring an additional 497,544 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of FOX by 281.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 470,365 shares of the company’s stock worth $24,793,000 after acquiring an additional 347,100 shares during the last quarter. Vanguard Group Inc. lifted its position in FOX by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company’s stock valued at $768,799,000 after acquiring an additional 249,246 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of FOX by 364.4% in the first quarter. Virtu Financial LLC now owns 296,316 shares of the company’s stock valued at $15,619,000 after purchasing an additional 232,508 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FOX shares. Fox Advisors set a $97.00 price target on shares of FOX in a report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating on shares of FOX in a report on Friday, October 31st. Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Cfra reissued a “buy” rating and issued a $73.00 price objective on shares of FOX in a research report on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of FOX in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $81.67.

FOX Trading Up 0.4%

NASDAQ:FOX opened at $58.36 on Thursday. Fox Corporation has a 12 month low of $41.14 and a 12 month high of $59.99. The company has a current ratio of 3.24, a quick ratio of 3.03 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $54.43 and its 200 day moving average is $51.80. The stock has a market capitalization of $26.00 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.29 and a beta of 0.57.

FOX (NASDAQ:FOX) last released its earnings results on Thursday, October 30th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.57 billion. FOX had a return on equity of 18.61% and a net margin of 12.35%. Sell-side analysts expect that Fox Corporation will post 4.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Paul D. Ryan sold 17,767 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $64.36, for a total value of $1,143,484.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 23.06% of the company’s stock.

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.