Inspire Investing LLC reduced its stake in Fox Co. (NASDAQ:FOXA – Get Rating) by 72.5% in the third quarter, according to its latest Form 13F filed with the SEC. The company owned 25,696 shares of the company’s stock after selling 67,721 shares during the quarter. FOX, owned by Inspire Investing LLC, was valued at $788,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also recently changed their holdings in the company. Invesco Ltd. increased its FOX holding by 16.0% in the first quarter. Invesco Ltd. now owns 4,617,824 shares worth $182,174,000 after purchasing an additional 637,439 shares during this period. Deutsche Bank AG increased its holding of FOX by 20.9% in the second quarter. Deutsche Bank AG now owns 1,977,018 shares worth $63,580,000 after purchasing a further 341,976 shares during this period. Rothschild & Co. Asset Management US Inc. increased its FOX holdings by 1,986.9% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,835,470 shares of the company stock valued at $59,030,000 after purchasing an additional 1,747,519 shares during the period. Charles Schwab Investment Management Inc. increased its FOX holdings by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,792,619 shares worth $70,719,000 after purchasing an additional 24,345 shares during this period. Finally, Eaton Vance Management increased its FOX holdings by 25.1% in the first quarter. Eaton Vance Management now owns 1,678,995 shares of the company stock valued at $66,237,000 after purchasing an additional 336,857 shares during this period. 55.65% of the shares are currently owned by hedge funds and other institutional investors.
Analyst Rating Change
Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered its FOX price target from $46.00 to $42.00 in a report on Wednesday, November 2nd. Royal Bank of Canada lowered its price target on FOX to $38.00 from $46.00 and gave it an “outperform” rating in its research report on Wednesday, November 2nd. UBS Group lowered its price target on FOX from $44.00 to $42.00 and gave it a ‘Buy’ rating in its research report on Monday, January 9th. Rosenblatt Securities raised its FOX target price from $30.00 to $31.00, giving the company a “neutral” rating in its research report on Wednesday, November 2nd. Finally, StockNews.com downgraded FOX’s rating from ‘buy’ to ‘hold’ in its research report on Saturday, November 26th. Two analysts gave the stock a sell rating, five assigned a hold rating, and eight assigned a buy rating to the company. According to MarketBeat data, the current consensus rating for the stock is ‘Hold’ with an average price target of $37.50.
FOX stock performance
FOXA shares opened at $33.85 on Monday. The stock has a 50-day moving average of $31.41 and a 200-day moving average of $32.11. Fox Co. has a one-year low of $28.01 and a one-year high of $44.95. The company has a debt to equity ratio of 0.62, a quick ratio of 3.16 and a current ratio of 3.60. The stock has a market cap of $18.37 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.97 and a beta of 0.85.
FOX (NASDAQ:FOXA – Get Rating) last reported quarterly results on Tuesday, November 1. The company reported EPS of $1.21 for the quarter, beating analyst consensus expectations of $1.15 by $0.06. FOX had a return on equity of 14.24% and a net profit margin of 7.85%. The company posted revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.2 billion. As a group, research analysts expect Fox Co. to post 3.55 EPS this year.
FOX company overview
(get rating)
Fox Corporation operates as a news, sports and entertainment company in the United States (US). The company operates through Cable Network Programming. Television; Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily in the United States through physical and virtual multichannel video programming distributors (MVPDs) and other digital platforms. To do.
References
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