Fox Co. (NASDAQ:FOXA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Fox Co. (NASDAQ:FOXA - Free Report) by 77.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,562 shares of the company's stock after selling 675,379 shares during the quarter. Victory Capital Management Inc.'s holdings in FOX were worth $8,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FOXA. Independent Franchise Partners LLP increased its holdings in shares of FOX by 3.3% in the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock worth $635,706,000 after purchasing an additional 597,450 shares during the last quarter. LSV Asset Management raised its holdings in shares of FOX by 5.9% during the 2nd quarter. LSV Asset Management now owns 8,577,714 shares of the company's stock worth $294,816,000 after acquiring an additional 481,267 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FOX by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company's stock worth $129,180,000 after acquiring an additional 268,778 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of FOX by 25.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock valued at $83,208,000 after acquiring an additional 492,467 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of FOX by 2.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,579,272 shares of the company's stock valued at $54,280,000 after purchasing an additional 42,424 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

Shares of NASDAQ:FOXA traded up $0.21 during midday trading on Friday, reaching $46.85. The company's stock had a trading volume of 1,967,570 shares, compared to its average volume of 3,059,703. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $21.40 billion, a PE ratio of 11.45, a P/E/G ratio of 1.17 and a beta of 0.76. The stock has a fifty day moving average of $42.88 and a 200 day moving average of $38.64.

FOX (NASDAQ:FOXA - Get Free Report) last issued 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. The business had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. On average, equities analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on FOXA. Bank of America increased their price objective on shares of FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. UBS Group boosted their price objective on FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. StockNews.com raised FOX from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on FOX from $41.00 to $42.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Seaport Res Ptn downgraded FOX from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $44.00.

Insider Transactions at FOX

In other news, COO John Nallen sold 182,481 shares of the 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 sale, the chief operating officer now owns 249,424 shares of the company's stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

About FOX

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.