Victory Capital Management Inc. lifted its stake in shares of Fox Co. (NASDAQ:FOX – Get Rating) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,003 shares of the company’s stock after purchasing an additional 2,176 shares during the quarter. Victory Capital Management Inc.’s holdings in FOX were worth $2,314,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Bessemer Group Inc. raised its stake in shares of FOX by 36.4% during the third quarter. Bessemer Group Inc. now owns 1,515 shares of the company’s stock worth $44,000 after purchasing an additional 404 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of FOX by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 20,220 shares of the company’s stock worth $733,000 after purchasing an additional 411 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in FOX by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 141,611 shares of the company’s stock worth $4,029,000 after acquiring an additional 620 shares in the last quarter. Boothbay Fund Management LLC raised its position in FOX by 2.2% in the third quarter. Boothbay Fund Management LLC now owns 29,323 shares of the company’s stock worth $836,000 after acquiring an additional 623 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in FOX by 4.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,279 shares of the company’s stock worth $435,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 23.43% of the company’s stock.
FOX Stock Up 1.1 %
FOX opened at $29.25 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market cap of $14.76 billion, a P/E ratio of 13.73 and a beta of 0.90. Fox Co. has a 52 week low of $26.35 and a 52 week high of $34.42. The business’s fifty day simple moving average is $30.05 and its 200 day simple moving average is $30.35.
Wall Street Analyst Weigh In
Separately, Rosenblatt Securities reiterated a “neutral” rating and issued a $35.00 price objective on shares of FOX in a research report on Wednesday, March 22nd.
FOX Company Profile
Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.
Further Reading
- Get a free copy of the StockNews.com research report on FOX (FOX)
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