76,086 Shares in Fox Co. (NASDAQ:FOXA) Purchased by Norden Group LLC

Norden Group LLC purchased a new position in shares of Fox Co. (NASDAQ:FOXA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 76,086 shares of the company’s stock, valued at approximately $2,379,000.

Several other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in shares of FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after acquiring an additional 845 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in FOX during the fourth quarter valued at about $43,000. GAMMA Investing LLC acquired a new stake in FOX during the fourth quarter worth about $53,000. Quarry LP purchased a new position in shares of FOX in the 4th quarter worth about $70,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of FOX in the 4th quarter worth about $76,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of NASDAQ FOXA opened at $34.78 on Friday. The business has a 50 day simple moving average of $33.39 and a 200-day simple moving average of $31.47. Fox Co. has a twelve month low of $28.28 and a twelve month high of $35.40. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.77. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67.

FOX (NASDAQ:FOXA) last released its earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.11. FOX had a net margin of 11.19% and a return on equity of 15.90%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.44 billion. As a group, equities research analysts expect that Fox Co. will post 3.33 earnings per share for the current year.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the transaction, the chief financial officer now directly owns 110,568 shares in the company, valued at $3,788,059.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other FOX news, CFO Steven Tomsic sold 30,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was 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 in the company, valued at $3,788,059.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the transaction, the chairman now 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 owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on FOXA. Barclays increased their target price on shares of FOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, May 13th. Bank of America upgraded FOX from a “neutral” rating to a “buy” rating and increased their price target for the company from $34.00 to $40.00 in a report on Thursday, May 9th. Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $42.00 target price on shares of FOX in a research note on Monday. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $34.00 price target on shares of FOX in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.38.

About FOX

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.