BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Fox Co. (NASDAQ:FOX) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,485 shares of the company’s stock after selling 1,676 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in FOX were worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in FOX. Louisiana State Employees Retirement System boosted its stake in shares of FOX by 161.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,900 shares of the company’s stock valued at $603,000 after purchasing an additional 12,900 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of FOX by 23.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,322 shares of the company’s stock valued at $327,000 after purchasing an additional 2,130 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in shares of FOX by 22.7% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 35,256 shares of the company’s stock valued at $1,018,000 after acquiring an additional 6,521 shares in the last quarter. Exane Derivatives bought a new position in shares of FOX during the fourth quarter valued at approximately $78,000. Finally, Dupont Capital Management Corp bought a new position in shares of FOX during the fourth quarter valued at approximately $1,105,000. 24.50% of the stock is owned by hedge funds and other institutional investors.
FOX opened at $36.27 on Monday. Fox Co. has a 12-month low of $24.03 and a 12-month high of $42.14. The company has a current ratio of 4.21, a quick ratio of 3.57 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $36.40 and a two-hundred day simple moving average of $32.08. The company has a market cap of $21.42 billion, a price-to-earnings ratio of 13.74 and a beta of 1.34.
A number of equities analysts recently commented on the company. Royal Bank of Canada upped their target price on FOX from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 6th. TheStreet downgraded FOX from a “b-” rating to a “c+” rating in a report on Wednesday, April 21st. Finally, UBS Group increased their price objective on FOX from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, May 6th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.00.
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.
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