Jefferies Financial Group Inc. Purchases Shares of 28,909 Fox Co. (NASDAQ:FOXA)

Jefferies Financial Group Inc. purchased a new stake in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,909 shares of the company’s stock, valued at approximately $1,404,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthTrak Capital Management LLC bought a new stake in shares of FOX in the 4th quarter worth $26,000. SRS Capital Advisors Inc. grew its stake in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the 4th quarter worth $28,000. Jones Financial Companies Lllp grew its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.6%

Shares of FOX stock opened at $56.15 on Thursday. Fox Co. has a 12-month low of $32.76 and a 12-month high of $58.74. The company has a market cap of $25.25 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $51.83 and its 200-day moving average price is $50.95.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FOXA shares. UBS Group boosted their price target on shares of FOX from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price target on shares of FOX from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Barclays reissued an “outperform” rating on shares of FOX in a report on Tuesday, May 13th. Finally, Cfra Research raised shares of FOX from a “hold” rating to a “moderate buy” rating in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.71.

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.