Gamco Investors INC. ET AL Grows Stock Holdings in Fox Corporation $FOX

Gamco Investors INC. ET AL raised its stake in shares of Fox Corporation (NASDAQ:FOX) by 10.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 585,183 shares of the company’s stock after acquiring an additional 53,166 shares during the period. Gamco Investors INC. ET AL’s holdings in FOX were worth $31,073,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of FOX by 336.9% during the third quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after purchasing an additional 475 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of FOX during the fourth quarter worth about $83,000. Geneos Wealth Management Inc. lifted its position in FOX by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock valued at $76,000 after purchasing an additional 703 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in FOX by 130.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company’s stock valued at $119,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of FOX by 139.1% during the 4th quarter. Covestor Ltd now owns 2,955 shares of the company’s stock worth $192,000 after buying an additional 1,719 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings downgraded FOX from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Rothschild & Co Redburn set a $71.00 price target on shares of FOX in a research report on Friday, July 10th. Zacks Research downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Citigroup reiterated a “buy” rating on shares of FOX in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.33.

FOX Trading Up 0.5%

Shares of FOX stock opened at $49.41 on Friday. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.40 and a beta of 0.57. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $52.64 and a 200 day moving average price of $55.66. Fox Corporation has a twelve month low of $44.08 and a twelve month high of $68.18.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Monday, May 11th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.30. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. Research analysts forecast that Fox Corporation will post 4.78 earnings per share for the current fiscal year.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News continued to generate attention with high-traffic coverage of major political, international, and U.S. crime stories, including Iran, Trump, and antisemitic violence-related reporting, which can help support viewer engagement and advertising demand. Fox News coverage
• Neutral Sentiment: FOX was cited in a short-interest update, but the data showed 0 shares of short interest and a 0.0 days-to-cover ratio, so the report does not provide a meaningful new trading signal.
• Neutral Sentiment: Additional Fox News articles covered developments such as a CDC investigation into Ohio cyclosporiasis cases, a controversy involving an Oklahoma state agency attorney, and other local and national news items, reinforcing the network’s broad news flow but without a clear direct impact on FOX’s fundamentals.

FOX Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.