Entropy Technologies LP Purchases New Shares in Fox Co. (NASDAQ:FOXA)

Entropy Technologies LP bought a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,896 shares of the company's stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of FOX by 1.7% in the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock worth $991,000 after buying an additional 385 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of FOX by 0.4% in the third quarter. Principal Financial Group Inc. now owns 291,051 shares of the company's stock worth $12,320,000 after buying an additional 1,178 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of FOX by 7.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 298,187 shares of the company's stock worth $12,622,000 after buying an additional 21,326 shares in the last quarter. US Bancorp DE lifted its holdings in shares of FOX by 4.0% in the third quarter. US Bancorp DE now owns 14,239 shares of the company's stock worth $603,000 after buying an additional 550 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. purchased a new stake in shares of FOX in the third quarter worth about $382,000. Institutional investors own 52.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FOXA shares. TD Cowen increased their price target on shares of FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of FOX from $41.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Cfra reaffirmed a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. UBS Group raised their target price on shares of FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of FOX from a "hold" rating to a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, FOX presently has a consensus rating of "Hold" and an average target price of $44.00.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the sale, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were 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 owns 249,424 shares in the company, 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. Company insiders own 21.77% of the company's stock.

FOX Price Performance

NASDAQ FOXA traded down $1.84 on Friday, reaching $45.64. 8,087,949 shares of the company's stock traded hands, compared to its average volume of 3,040,998. Fox Co. has a 12 month low of $28.28 and a 12 month 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 stock has a 50-day simple moving average of $42.23 and a 200 day simple moving average of $38.14. The stock has a market cap of $21.00 billion, a PE ratio of 11.16, a P/E/G ratio of 1.20 and a beta of 0.76.

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

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.