Centiva Capital LP Has $2.28 Million Holdings in Fox Co. (NASDAQ:FOXA)

Centiva Capital LP trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,769 shares of the company's stock after selling 26,021 shares during the quarter. Centiva Capital LP's holdings in FOX were worth $2,276,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FOXA. Jane Street Group LLC boosted its position in shares of FOX by 25.2% in the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company's stock worth $4,362,000 after purchasing an additional 28,072 shares in the last quarter. Entropy Technologies LP acquired a new position in FOX in the 3rd quarter valued at $546,000. Manning & Napier Advisors LLC purchased a new stake in shares of FOX in the second quarter valued at approximately $5,219,000. Edgestream Partners L.P. raised its stake in FOX by 343.1% during the second quarter. Edgestream Partners L.P. now owns 203,956 shares of the company's stock worth $7,010,000 after purchasing an additional 157,927 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of FOX during the 3rd quarter worth $2,867,000. 52.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is currently owned by company insiders.

FOX Stock Down 1.1 %

NASDAQ:FOXA traded down $0.52 during trading hours on Tuesday, hitting $46.25. 1,554,220 shares of the stock traded hands, compared to its average volume of 3,060,557. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.21 and a beta of 0.77. The firm has a 50 day moving average price of $43.50 and a 200 day moving average price of $39.19. 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 Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. Equities research analysts anticipate that Fox Co. will post 3.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FOXA shares. Barclays upped their price objective on FOX from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Cfra reiterated a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on shares of FOX from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Seaport Res Ptn cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Finally, Rosenblatt Securities upped their target price on FOX from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $44.00.

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.