GSA Capital Partners LLP Takes Position in Fox Co. (NASDAQ:FOXA)

GSA Capital Partners LLP acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,639 shares of the company's stock, valued at approximately $620,000.

A number of other large investors also recently bought and sold shares of FOXA. Entropy Technologies LP purchased a new stake in FOX during the 3rd quarter valued at about $546,000. Crossmark Global Holdings Inc. raised its holdings in shares of FOX by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock valued at $991,000 after acquiring an additional 385 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of FOX by 0.4% during 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. increased 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 valued at $12,622,000 after purchasing an additional 21,326 shares during the last quarter. Finally, US Bancorp DE grew 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 valued at $603,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. TD Cowen raised their price objective on shares of FOX from $36.00 to $42.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Cfra reissued a "sell" rating on shares of FOX in a research report on Wednesday, September 25th. Seaport Res Ptn downgraded shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group upped their price target on FOX from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and an average target price of $44.00.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents 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 FOX stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

FOX Stock Up 0.8 %

FOX stock traded up $0.38 during trading on Tuesday, hitting $45.76. 4,025,666 shares of the company were exchanged, compared to its average volume of 3,058,761. Fox Co. has a 52 week low of $28.28 and a 52 week high of $47.58. The business's 50 day moving average is $42.33 and its 200 day moving average is $38.33. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $20.90 billion, a P/E ratio of 11.10, a PEG ratio of 1.17 and a beta of 0.76.

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

About FOX

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.