GAMMA Investing LLC Purchases 1,242 Shares of Fox Corporation (NASDAQ:FOXA)

GAMMA Investing LLC increased its stake in Fox Corporation (NASDAQ:FOXA) by 17.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 8,311 shares of the company’s stock after buying an additional 1,242 shares during the quarter. GAMMA Investing LLC’s holdings in FOX were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE raised its holdings in FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after acquiring an additional 281 shares during the period. Metis Global Partners LLC increased its position in shares of FOX by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock worth $524,000 after purchasing an additional 292 shares during the last quarter. SRS Capital Advisors Inc. raised its position in FOX by 91.0% during 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 in the last quarter. Jones Financial Companies Lllp raised its stake 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 acquiring an additional 249 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FOX by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock valued at $117,458,000 after acquiring an additional 37,505 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Trading Down 0.1%

Shares of FOXA stock opened at $55.97 on Wednesday. The company has a market cap of $25.17 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The stock’s 50 day simple moving average is $53.68 and its two-hundred day simple moving average is $52.41. Fox Corporation has a 1 year low of $33.84 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. Research analysts predict that Fox Corporation will post 4.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

FOXA has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of FOX from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Barclays reissued an “outperform” rating on shares of FOX in a research report on Tuesday, May 13th. Loop Capital increased their price objective on shares of FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Cfra Research lowered FOX from a “moderate buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Bank of America boosted their target price on shares of FOX from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.53.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer owned 133,923 shares in the company, valued at $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 21.77% of the company’s stock.

FOX 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.