Sciencast Management LP Acquires Shares of 51,154 Fox Co. (NASDAQ:FOXA)

Sciencast Management LP purchased a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 51,154 shares of the company's stock, valued at approximately $2,485,000.

A number of other hedge funds also recently bought and sold shares of FOXA. Jupiter Asset Management Ltd. purchased a new position in FOX during the 4th quarter valued at $67,471,000. Jacobs Levy Equity Management Inc. increased its position in shares of FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock valued at $58,716,000 after buying an additional 964,737 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in FOX by 308.5% in the fourth 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 in the last quarter. Allianz Asset Management GmbH lifted its holdings in FOX by 3,077.5% in the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock worth $43,016,000 after buying an additional 857,609 shares during the period. Finally, KBC Group NV boosted its position in FOX by 56.1% during the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company's stock valued at $115,022,000 after acquiring an additional 851,127 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Price Performance

Shares of FOXA stock traded up $0.25 on Wednesday, hitting $55.21. 3,709,172 shares of the stock traded hands, compared to its average volume of 3,158,790. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a 50 day simple moving average of $53.29 and a two-hundred day simple moving average of $47.77. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.27 and a beta of 0.67. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74.

Remove Ads

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

FOX Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) is 11.56%.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction 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 transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on FOXA shares. Barclays lifted their price objective on FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Citigroup upped their price target on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and raised their price objective for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.13.

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.