Amalgamated Bank Sells 27,314 Shares of Fox Co. (NASDAQ:FOXA)

Amalgamated Bank reduced its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 37.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,714 shares of the company's stock after selling 27,314 shares during the quarter. Amalgamated Bank's holdings in FOX were worth $1,893,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its position in shares of FOX by 176.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company's stock worth $25,000 after buying an additional 461 shares during the period. Friedenthal Financial bought a new position in FOX during the 2nd quarter valued at approximately $51,000. Duncker Streett & Co. Inc. purchased a new position in FOX during the second quarter valued at $52,000. Meeder Asset Management Inc. purchased a new position in FOX during the first quarter valued at $66,000. Finally, Covestor Ltd boosted its holdings in FOX by 283.0% in the first quarter. Covestor Ltd now owns 2,880 shares of the company's stock worth $90,000 after acquiring an additional 2,128 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FOXA has been the topic of a number of recent analyst reports. Loop Capital increased their price target on shares of FOX from $43.00 to $46.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Cfra reissued a "sell" rating on shares of FOX in a report on Wednesday, September 25th. Evercore ISI raised FOX to a "hold" rating in a report on Tuesday, November 5th. UBS Group lifted their price target on shares of FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Barclays increased their price objective on shares of FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and a consensus price target of $44.00.

Insider Activity

In related news, COO John Nallen sold 182,481 shares of the firm's 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 transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other FOX news, COO John Nallen sold 182,481 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the chairman now directly owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 335,355 shares of company stock worth $14,244,865 over the last quarter. Insiders own 21.77% of the company's stock.

FOX Price Performance

Shares of FOXA traded down $0.17 during mid-day trading on Wednesday, reaching $46.73. The stock had a trading volume of 2,518,114 shares, compared to its average volume of 3,014,663. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.20 and a beta of 0.76. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.11. The business has a fifty day moving average of $41.87 and a 200 day moving average of $37.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

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