Fox Co. (NASDAQ:FOXA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 91.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,060 shares of the company's stock after selling 300,871 shares during the period. Trexquant Investment LP's holdings in FOX were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FOXA. WealthTrak Capital Management LLC purchased a new position in FOX during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. raised its position in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX during the fourth quarter worth $28,000. Jones Financial Companies Lllp boosted its position in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Performance

Shares of NASDAQ FOXA traded up $0.64 during trading hours on Tuesday, reaching $50.17. The stock had a trading volume of 740,105 shares, compared to its average volume of 3,362,431. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a fifty-two week low of $30.02 and a fifty-two week high of $58.74. The firm has a 50-day moving average of $53.88 and a 200-day moving average of $48.99. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

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

FOX Dividend Announcement

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

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, 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 disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FOXA. Wells Fargo & Company lowered their target price on FOX from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Bank of America increased their target price on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. increased their price objective on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $51.06.

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.