Fox Co. (NASDAQ:FOXA) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,032 shares of the company's stock after selling 42,913 shares during the period. Manning & Napier Advisors LLC's holdings in FOX were worth $3,256,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group boosted its position in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Quest Partners LLC purchased a new position in FOX during the third quarter worth $51,000. Quarry LP purchased a new stake in FOX in the 3rd quarter worth about $70,000. Versant Capital Management Inc raised its holdings in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company's stock worth $83,000 after buying an additional 1,669 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new stake in FOX in the third quarter worth $119,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Price Performance

Shares of NASDAQ FOXA traded up $0.36 during trading on Thursday, hitting $50.79. 904,491 shares of the company were exchanged, compared to its average volume of 3,023,266. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 1 year low of $28.28 and a 1 year high of $50.92. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.19 and a beta of 0.75. The firm's fifty day moving average price is $48.17 and its 200 day moving average price is $43.47.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. The firm 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%. FOX's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, sell-side analysts expect that Fox Co. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FOXA. Citigroup boosted their price target on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Guggenheim increased their price objective on shares of FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FOX from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. UBS Group increased their target price on FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Macquarie reissued a "neutral" rating and issued a $43.00 price target on shares of FOX in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $48.25.

Insider Buying and Selling at FOX

In other news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. Insiders have sold 469,352 shares of company stock valued at $20,822,072 over the last quarter. Corporate insiders own 21.77% of the company's stock.

FOX 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.