Seizert Capital Partners LLC Raises Holdings in Fox Co. (NASDAQ:FOXA)

Seizert Capital Partners LLC boosted its position in Fox Co. (NASDAQ:FOXA) by 7.6% during the third quarter, Holdings Channel.com reports. The fund owned 349,304 shares of the company’s stock after purchasing an additional 24,795 shares during the quarter. Seizert Capital Partners LLC’s holdings in FOX were worth $14,786,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FOXA. CIBC Asset Management Inc grew its holdings in shares of FOX by 4.8% during the 3rd quarter. CIBC Asset Management Inc now owns 35,301 shares of the company’s stock worth $1,494,000 after purchasing an additional 1,616 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in FOX by 69.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,674 shares of the company’s stock valued at $706,000 after buying an additional 6,843 shares during the period. GSA Capital Partners LLP purchased a new stake in FOX during the third quarter worth approximately $620,000. Entropy Technologies LP acquired a new stake in shares of FOX in the third quarter worth $546,000. Finally, Crossmark Global Holdings Inc. raised its stake in shares of FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock valued at $991,000 after acquiring an additional 385 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FOXA shares. Wells Fargo & Company upped their price target on shares of FOX from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barclays upped their target price on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Guggenheim upped their price target on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Loop Capital increased their price objective on shares of FOX from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.00.

FOX Stock Performance

Shares of FOXA stock opened at $45.64 on Friday. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.20 and a beta of 0.76. Fox Co. has a one year low of $28.28 and a one year high of $47.58. The company’s 50-day simple moving average is $42.23 and its 200-day simple moving average is $38.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOXA) last released its earnings results 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 last year, the business posted $1.09 EPS. FOX’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly 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 transaction 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 stock in a transaction that occurred 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 sale, 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. 21.77% of the stock is currently owned by company insiders.

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.