Centiva Capital LP Sells 26,021 Shares of Fox Co. (NASDAQ:FOXA)

Centiva Capital LP lessened its holdings in shares of Fox Co. (NASDAQ:FOXA) by 32.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,769 shares of the company’s stock after selling 26,021 shares during the quarter. Centiva Capital LP’s holdings in FOX were worth $2,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crossmark Global Holdings Inc. grew its stake in shares of FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after acquiring an additional 385 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of FOX by 4.4% in the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock worth $333,000 after buying an additional 406 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock worth $1,249,000 after buying an additional 451 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of FOX by 0.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock worth $1,695,000 after buying an additional 453 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of FOX by 3.5% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,403 shares of the company’s stock worth $461,000 after buying an additional 458 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Nallen sold 182,481 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Loop Capital boosted their price target on shares of FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Evercore ISI raised shares of FOX to a “hold” rating in a report on Tuesday, November 5th. Bank of America upped their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Guggenheim upped their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.00.

FOX Stock Down 0.7 %

Shares of NASDAQ FOXA opened at $46.77 on Tuesday. Fox Co. has a one year low of $28.28 and a one year high of $47.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The firm’s 50 day simple moving average is $43.50 and its two-hundred day simple moving average is $39.19. The stock has a market capitalization of $21.36 billion, a P/E ratio of 11.44, a PEG ratio of 1.21 and a beta of 0.77.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. As a group, analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.

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.