Jump Financial LLC Invests $7.63 Million in Fox Co. (NASDAQ:FOXA)

Jump Financial LLC acquired a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 157,026 shares of the company's stock, valued at approximately $7,628,000.

Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of FOX in the fourth quarter valued at approximately $132,161,000. Jupiter Asset Management Ltd. bought a new position in shares of FOX in the fourth quarter valued at about $67,471,000. FMR LLC lifted its stake in shares of FOX by 240.2% during the 4th quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after buying an additional 1,330,908 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of FOX by 308.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after buying an additional 919,883 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in FOX by 3,077.5% in the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock valued at $43,016,000 after buying an additional 857,609 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

Shares of FOX stock traded down $0.29 during trading hours on Friday, hitting $47.97. 3,921,573 shares of the company's stock traded hands, compared to its average volume of 3,386,053. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51. The company has a fifty day simple moving average of $53.51 and a 200-day simple moving average of $49.07. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 12-month low of $30.87 and a 12-month high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.34 earnings per share. The business's revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FOXA shares. Loop Capital upped their price target on shares of FOX from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Guggenheim restated a "buy" rating and set a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Finally, Barclays cut their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $50.65.

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.