Robeco Institutional Asset Management B.V. Raises Stake in Fox Co. (NASDAQ:FOXA)

Robeco Institutional Asset Management B.V. grew its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 308.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,218,070 shares of the company's stock after purchasing an additional 919,883 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.27% of FOX worth $59,174,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings in shares of FOX by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock worth $991,000 after acquiring an additional 385 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of FOX by 4.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,104 shares of the company's stock worth $491,000 after acquiring an additional 399 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of FOX by 9.0% during the fourth quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company's stock worth $255,000 after buying an additional 431 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of FOX by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company's stock worth $1,249,000 after purchasing an additional 451 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after purchasing an additional 466 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

Shares of NASDAQ:FOXA traded up $0.59 during midday trading on Thursday, reaching $51.02. 2,975,737 shares of the company's stock traded hands, compared to its average volume of 3,134,407. Fox Co. has a one year low of $28.28 and a one year high of $51.08. The stock has a 50 day moving average of $48.17 and a 200 day moving average of $43.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company has a market cap of $23.30 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 0.75.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating 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 business had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same period last year, the firm earned $1.09 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Fox Co. will post 4.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of recent analyst reports. UBS Group boosted their target price on FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. TD Cowen raised their price target on shares of FOX from $36.00 to $42.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on FOX from $42.00 to $49.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Finally, Evercore ISI upgraded FOX to a "hold" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, FOX has a consensus rating of "Hold" and a consensus price target of $48.25.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO John Nallen sold 182,481 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 469,352 shares of company stock valued at $20,822,072 in the last three months. Company insiders own 21.77% of the company's stock.

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.