Quantbot Technologies LP Has $10.15 Million Stake in Fox Co. (NASDAQ:FOXA)

Quantbot Technologies LP grew its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,675 shares of the company's stock after acquiring an additional 41,894 shares during the quarter. FOX accounts for 0.4% of Quantbot Technologies LP's portfolio, making the stock its 27th largest holding. Quantbot Technologies LP owned approximately 0.05% of FOX worth $10,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted 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 acquiring an additional 461 shares during the period. Friedenthal Financial bought a new stake in FOX during the 2nd quarter worth approximately $51,000. Quest Partners LLC acquired a new stake in FOX during the 3rd quarter valued at $51,000. Duncker Streett & Co. Inc. bought a new position in shares of FOX in the second quarter valued at about $52,000. Finally, Bessemer Group Inc. raised its stake in shares of FOX by 11.0% in the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock worth $103,000 after acquiring an additional 326 shares during the last quarter. Institutional investors own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

FOXA has been the topic of several recent research reports. Barclays raised their price target on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. TD Cowen lifted their price objective on shares of FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Guggenheim increased their price target on FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Rosenblatt Securities boosted their price objective on shares of FOX from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. One 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. According to data from MarketBeat.com, FOX has an average rating of "Hold" and a consensus target price of $44.00.

FOX Stock Performance

Shares of FOX stock traded up $0.07 on Tuesday, hitting $46.15. The stock had a trading volume of 3,916,760 shares, compared to its average volume of 3,069,934. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. The business's 50 day moving average is $43.00 and its two-hundred day moving average is $38.81. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58.

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

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company's stock in a transaction that occurred 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 sale, the chairman now owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

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.