Fox Co. (NASDAQ:FOXA) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its position in Fox Co. (NASDAQ:FOXA) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 439,735 shares of the company’s stock after purchasing an additional 2,811 shares during the quarter. Gamco Investors INC. ET AL’s holdings in FOX were worth $13,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FOXA. Norges Bank acquired a new position in shares of FOX in the 4th quarter valued at about $68,391,000. KBC Group NV raised its position in FOX by 453.0% during the fourth quarter. KBC Group NV now owns 2,029,839 shares of the company’s stock valued at $60,225,000 after acquiring an additional 1,662,748 shares in the last quarter. Vanguard Group Inc. lifted its holdings in FOX by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company’s stock worth $934,354,000 after purchasing an additional 1,653,913 shares during the last quarter. TD Asset Management Inc increased its stake in shares of FOX by 128.0% in the fourth quarter. TD Asset Management Inc now owns 2,294,159 shares of the company’s stock worth $68,068,000 after purchasing an additional 1,287,911 shares during the period. Finally, LSV Asset Management raised its position in shares of FOX by 9.0% during the fourth quarter. LSV Asset Management now owns 8,293,153 shares of the company’s stock valued at $246,058,000 after buying an additional 686,762 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Stock Up 1.2 %

FOXA stock traded up $0.44 during midday trading on Friday, hitting $37.51. 1,850,945 shares of the company’s stock were exchanged, compared to its average volume of 2,196,049. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $34.70 and a 200-day moving average price of $32.21. Fox Co. has a 12-month low of $28.28 and a 12-month high of $37.95. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77.

FOX (NASDAQ:FOXA) last issued its earnings results on Wednesday, May 8th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.44 billion. FOX had a return on equity of 15.90% and a net margin of 11.19%. On average, analysts anticipate that Fox Co. will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

FOXA has been the topic of several research analyst reports. Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $40.00 in a research note on Thursday, May 9th. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $34.00 price target on shares of FOX in a research report on Monday, April 15th. The Goldman Sachs Group reissued a “buy” rating and set a $42.00 price target on shares of FOX in a research note on Monday, July 1st. Finally, Barclays boosted their price objective on FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, FOX presently has a consensus rating of “Hold” and an average target price of $35.38.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the sale, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at approximately $3,788,059.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Steven Tomsic sold 30,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the transaction, the chief financial officer now owns 110,568 shares in the company, valued at $3,788,059.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of FOX stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.