Sanctuary Advisors LLC Has $935,000 Holdings in Fox Co. (NASDAQ:FOXA)

Sanctuary Advisors LLC lowered its position in shares of Fox Co. (NASDAQ:FOXA) by 28.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,949 shares of the company’s stock after selling 8,047 shares during the period. Sanctuary Advisors LLC’s holdings in FOX were worth $935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FOXA. Raymond James Trust N.A. lifted its holdings in shares of FOX by 4.4% during the second quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock worth $333,000 after purchasing an additional 406 shares during the period. Verdence Capital Advisors LLC lifted its holdings in FOX by 3.5% during 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 period. Allspring Global Investments Holdings LLC grew its position in shares of FOX by 1.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 987,444 shares of the company’s stock valued at $33,938,000 after buying an additional 12,321 shares during the last quarter. Wright Investors Service Inc. acquired a new stake in shares of FOX in the second quarter valued at about $353,000. Finally, Banco Santander S.A. raised its position in shares of FOX by 6.6% during the second quarter. Banco Santander S.A. now owns 359,567 shares of the company’s stock worth $12,358,000 after acquiring an additional 22,114 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Up 1.4 %

FOX stock opened at $49.53 on Monday. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.18 and a beta of 0.77. The firm’s fifty day moving average price is $45.14 and its two-hundred day moving average price is $40.59. Fox Co. has a 1-year low of $28.28 and a 1-year high of $50.63. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. On average, equities research analysts predict that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 469,352 shares of company stock valued at $20,822,072 over the last 90 days. Insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FOXA. Guggenheim increased their target price on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Bank of America increased their price objective on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, TD Cowen boosted their price objective on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, FOX currently has an average rating of “Hold” and a consensus price target of $46.87.

FOX 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.