Quantinno Capital Management LP Grows Stock Holdings in Fox Co. (NASDAQ:FOXA)

Quantinno Capital Management LP grew its holdings in shares of Fox Co. (NASDAQ:FOXA) by 115.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 272,925 shares of the company’s stock after purchasing an additional 145,984 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of FOX worth $13,259,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FOXA. DnB Asset Management AS increased its position in shares of FOX by 0.6% during the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company’s stock valued at $2,141,000 after acquiring an additional 245 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after acquiring an additional 249 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 262 shares in the last quarter. US Bancorp DE increased its position in shares of FOX by 2.0% during the fourth quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after acquiring an additional 281 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in shares of FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after acquiring an additional 292 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Down 1.1%

Shares of FOXA stock opened at $54.64 on Thursday. The stock has a market cap of $24.78 billion, a P/E ratio of 11.70, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a 52 week low of $32.45 and a 52 week high of $58.74. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $51.25 and its two-hundred day simple moving average is $50.09.

FOX (NASDAQ:FOXA) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. Analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of research analyst reports. Loop Capital lifted their target price on shares of FOX from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Cfra Research raised shares of FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. UBS Group lifted their target price on shares of FOX from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wolfe Research downgraded shares of FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price for the company. in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, FOX has an average rating of “Hold” and a consensus price target of $52.71.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.