Entropy Technologies LP Grows Stock Holdings in Fox Co. (NASDAQ:FOXA)

Entropy Technologies LP increased its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 48.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,142 shares of the company's stock after purchasing an additional 6,246 shares during the quarter. Entropy Technologies LP's holdings in FOX were worth $930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOXA. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the fourth quarter worth approximately $28,000. Brooklyn Investment Group boosted its holdings in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares during the last quarter. Quest Partners LLC purchased a new position in shares of FOX during the 3rd quarter worth $51,000. Quarry LP purchased a new position in shares of FOX during the 3rd quarter worth $70,000. Finally, Versant Capital Management Inc boosted its stake in shares of FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company's stock worth $83,000 after acquiring an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

FOX Price Performance

NASDAQ FOXA traded up $0.18 on Friday, reaching $55.63. The company had a trading volume of 3,521,225 shares, compared to its average volume of 3,510,261. The company has a quick ratio of 2.33, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $25.41 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The firm's 50 day moving average price is $49.65 and its 200 day moving average price is $44.67. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.86.

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

FOX Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders 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 dividend yield of 1%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FOXA shares. Macquarie reiterated a "neutral" rating and set a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on shares of FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. UBS Group lifted their price target on shares of FOX from $50.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on shares of FOX from $51.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $51.00.

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.