Fox Co. (NASDAQ:FOXA) Position Trimmed by Caxton Associates LP

Caxton Associates LP decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 18.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,507 shares of the company’s stock after selling 12,432 shares during the period. Caxton Associates LP’s holdings in FOX were worth $1,704,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FOXA. Global Retirement Partners LLC grew its position in shares of FOX by 862.2% during the fourth quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares during the last quarter. UMB Bank n.a. grew its position in shares of FOX by 254.4% during the first quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after acquiring an additional 809 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of FOX during the fourth quarter worth about $43,000. GAMMA Investing LLC bought a new position in FOX in the 4th quarter valued at about $53,000. Finally, Meeder Asset Management Inc. bought a new position in FOX in the 1st quarter valued at about $66,000. Institutional investors own 52.52% of the company’s stock.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $34.26, for a total value of $1,027,800.00. Following the transaction, the chief financial officer now owns 110,568 shares in the company, valued at $3,788,059.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the transaction, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Barclays increased their target price on shares of FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $42.00 price target on shares of FOX in a report on Monday, July 1st. Finally, Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $40.00 in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.38.

FOX Trading Up 0.9 %

FOXA stock traded up $0.34 during mid-day trading on Tuesday, reaching $38.13. 366,547 shares of the stock traded hands, compared to its average volume of 3,046,090. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 52-week low of $28.28 and a 52-week high of $38.22. The company has a market cap of $17.80 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.49 and a beta of 0.77. The stock’s fifty day moving average is $34.79 and its 200-day moving average is $32.28.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.11. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.44 billion. FOX had a net margin of 11.19% and a return on equity of 15.90%. As a group, sell-side analysts expect that Fox Co. will post 3.35 earnings per share for the current year.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.