Public Employees Retirement System of Ohio Has $3.81 Million Stake in Fox Co. (NASDAQ:FOXA)

Public Employees Retirement System of Ohio trimmed its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,891 shares of the company's stock after selling 11,891 shares during the period. Public Employees Retirement System of Ohio's holdings in FOX were worth $3,805,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Entropy Technologies LP purchased a new position in FOX in the 3rd quarter worth approximately $546,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of FOX in the third quarter valued at $2,867,000. Edgestream Partners L.P. grew its holdings in FOX by 343.1% during the 2nd 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 in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in FOX by 9.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 712,593 shares of the company's stock worth $24,492,000 after buying an additional 62,920 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in FOX by 21.2% in the 3rd quarter. Quantbot Technologies LP now owns 239,675 shares of the company's stock worth $10,145,000 after buying an additional 41,894 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Price Performance

NASDAQ:FOXA traded down $0.02 during midday trading on Monday, hitting $47.06. 5,059,467 shares of the stock were exchanged, compared to its average volume of 3,100,965. The company has a market capitalization of $21.49 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.18 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. Fox Co. has a one year low of $28.28 and a one year high of $47.67. The business has a 50-day moving average price of $44.53 and a two-hundred day moving average price of $40.22.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts predict that Fox Co. will post 3.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on FOXA. TD Cowen boosted their price target on FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Barclays upped their target price on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. StockNews.com raised shares of FOX from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. Guggenheim upped their price target on shares of FOX from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Cfra reiterated a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $44.00.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was 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 of the company's stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by corporate insiders.

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.