Fox Co. (NASDAQ:FOXA) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 228.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,387,107 shares of the company's stock after purchasing an additional 964,737 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.30% of FOX worth $58,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOXA. Jane Street Group LLC boosted its stake in FOX by 25.2% during the first quarter. Jane Street Group LLC now owns 139,502 shares of the company's stock worth $4,362,000 after buying an additional 28,072 shares during the period. Entropy Technologies LP purchased a new stake in shares of FOX during the third quarter valued at $546,000. Manning & Napier Advisors LLC purchased a new stake in shares of FOX during the second quarter valued at $5,219,000. Edgestream Partners L.P. boosted its stake in shares of FOX by 343.1% during the second quarter. Edgestream Partners L.P. now owns 203,956 shares of the company's stock valued at $7,010,000 after purchasing an additional 157,927 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of FOX in the third quarter valued at about $2,867,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Down 0.1 %

FOX stock traded down $0.05 during midday trading on Wednesday, reaching $46.36. 900,136 shares of the stock traded hands, compared to its average volume of 3,058,166. The firm has a market cap of $21.17 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $43.70 and a two-hundred day simple moving average of $39.38. Fox Co. has a 12-month low of $28.28 and a 12-month high of $47.58.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.33. The company had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Research analysts expect that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Evercore ISI upgraded FOX to a "hold" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on FOX from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Barclays lifted their price objective on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Macquarie restated a "neutral" rating and issued a $43.00 price objective on shares of FOX in a report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their target price on shares of FOX from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44.00.

Insider Activity

In other FOX news, COO John Nallen sold 182,481 shares of the company'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. This represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,352 shares of company stock valued at $20,822,072. Company insiders own 21.77% of the company's stock.

About FOX

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.