Quantinno Capital Management LP Has $5.37 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Quantinno Capital Management LP boosted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 18.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,941 shares of the company's stock after buying an additional 19,421 shares during the quarter. Quantinno Capital Management LP's holdings in FOX were worth $5,373,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FOXA. Quest Partners LLC bought a new stake in shares of FOX during the 3rd quarter worth $51,000. Friedenthal Financial bought a new position in FOX in the 2nd quarter worth approximately $51,000. Duncker Streett & Co. Inc. acquired a new position in shares of FOX during the second quarter worth approximately $52,000. Quarry LP acquired a new position in shares of FOX during the third quarter worth approximately $70,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of FOX in the third quarter valued at approximately $119,000. 52.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FOXA shares. Evercore ISI upgraded shares of FOX to a "hold" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of FOX from $41.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Bank of America boosted their price target on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Guggenheim upped their price target on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Cfra reissued a "sell" rating on shares of FOX in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, FOX currently has a consensus rating of "Hold" and a consensus price target of $44.00.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, 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 7.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John Nallen sold 182,481 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares of the company's stock, 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. Over the last quarter, insiders have sold 469,352 shares of company stock worth $20,822,072. Insiders own 21.77% of the company's stock.

FOX Price Performance

NASDAQ:FOXA traded up $0.35 on Friday, reaching $47.00. The stock had a trading volume of 4,230,699 shares, compared to its average volume of 3,616,756. 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 company has a market capitalization of $21.47 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. Fox Co. has a 1-year low of $28.28 and a 1-year high of $47.58. The stock has a fifty day moving average price of $43.96 and a 200-day moving average price of $39.63.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.38 billion. During the same period in the previous year, the business earned $1.09 EPS. FOX's revenue was up 11.1% compared to the same quarter last year. Research analysts forecast that Fox Co. will post 3.94 EPS for the current year.

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.