Aigen Investment Management LP Makes New Investment in Fox Co. (NASDAQ:FOXA)

Aigen Investment Management LP acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,999 shares of the company's stock, valued at approximately $1,409,000.

A number of other hedge funds have also made changes to their positions in FOXA. Pacer Advisors Inc. increased its stake in shares of FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company's stock valued at $335,066,000 after acquiring an additional 7,897,710 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock valued at $58,716,000 after acquiring an additional 964,737 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock valued at $59,174,000 after acquiring an additional 919,883 shares during the period. Allianz Asset Management GmbH increased its stake in shares of FOX by 3,077.5% during the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock valued at $43,016,000 after acquiring an additional 857,609 shares during the period. Finally, KBC Group NV increased its stake in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock valued at $115,022,000 after acquiring an additional 851,127 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

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FOX Stock Up 0.5 %

Shares of FOX stock traded up $0.30 during midday trading on Friday, reaching $55.67. 4,586,357 shares of the company's stock traded hands, compared to its average volume of 3,868,635. The company has a market cap of $25.24 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. The company's 50 day simple moving average is $52.31 and its 200 day simple moving average is $46.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52 week low of $28.67 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Equities analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FOXA. JPMorgan Chase & Co. raised their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their target price on shares of FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Bank of America raised their price objective on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Guggenheim raised their price objective on shares of FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $51.19.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

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.