iA Global Asset Management Inc. Acquires 16,892 Shares of Fox Co. (NASDAQ:FOXA)

iA Global Asset Management Inc. boosted its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 241,314.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,899 shares of the company's stock after purchasing an additional 16,892 shares during the quarter. iA Global Asset Management Inc.'s holdings in FOX were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Entropy Technologies LP acquired a new stake in FOX during the 3rd quarter worth approximately $546,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in FOX in the 3rd quarter valued at $2,867,000. Edgestream Partners L.P. boosted its position in shares of FOX by 343.1% in the second quarter. Edgestream Partners L.P. now owns 203,956 shares of the company's stock worth $7,010,000 after buying an additional 157,927 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of FOX by 9.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 712,593 shares of the company's stock valued at $24,492,000 after buying an additional 62,920 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of FOX by 21.2% during the 3rd quarter. Quantbot Technologies LP now owns 239,675 shares of the company's stock valued at $10,145,000 after buying an additional 41,894 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Stock Performance

FOXA stock traded up $0.14 during trading on Tuesday, reaching $46.37. 4,985,484 shares of the company's stock were exchanged, compared to its average volume of 3,092,124. The firm has a market cap of $21.18 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.77. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 1-year low of $28.28 and a 1-year high of $47.58. The company's fifty day moving average price is $44.04 and its 200-day moving average price is $39.77.

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. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. FOX's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. On average, research analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of the company'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 completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. 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. Company insiders own 21.77% of the company's stock.

Analyst Ratings Changes

FOXA has been the subject of several recent research reports. Loop Capital increased their price objective on shares of FOX from $43.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Seaport Res Ptn lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on FOX from $41.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Macquarie restated a "neutral" rating and issued a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price objective on shares of FOX from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.