Quadrant Capital Group LLC Has $80,000 Stock Holdings in Fox Co. (NASDAQ:FOXA)

Posted by on Jun 6th, 2023

Quadrant Capital Group LLC cut its position in Fox Co. (NASDAQ:FOXA – Get Rating) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,631 shares of the company’s stock after selling 1,188 shares during the period. Quadrant Capital Group LLC’s holdings in FOX were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FOXA. Raymond James Financial Services Advisors Inc. lifted its position in FOX by 13.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 20,289 shares of the company’s stock valued at $800,000 after acquiring an additional 2,440 shares in the last quarter. American Century Companies Inc. lifted its position in FOX by 2.6% during the 1st quarter. American Century Companies Inc. now owns 56,001 shares of the company’s stock worth $2,210,000 after buying an additional 1,428 shares in the last quarter. US Bancorp DE lifted its position in FOX by 34.7% during the 1st quarter. US Bancorp DE now owns 12,614 shares of the company’s stock worth $498,000 after buying an additional 3,249 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in FOX by 6.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 24,691 shares of the company’s stock worth $974,000 after buying an additional 1,486 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in FOX by 196.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,717 shares of the company’s stock worth $107,000 after buying an additional 1,800 shares in the last quarter. 55.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FOXA has been the topic of several analyst reports. Rosenblatt Securities cut their price target on shares of FOX from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. StockNews.com initiated coverage on shares of FOX in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Citigroup boosted their price target on shares of FOX from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Argus lowered shares of FOX from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. Finally, Barclays lowered their price objective on shares of FOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, April 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.89.

FOX Stock Up 1.0 %

Shares of FOXA opened at $32.19 on Tuesday. Fox Co. has a 52 week low of $28.01 and a 52 week high of $37.26. The firm has a market cap of $16.24 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.98 and a beta of 0.85. The firm’s 50-day simple moving average is $32.48 and its 200 day simple moving average is $32.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.64 and a current ratio of 1.75.

FOX (NASDAQ:FOXA – Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. FOX had a net margin of 7.84% and a return on equity of 16.36%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the prior year, the business earned $0.81 EPS. FOX’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts forecast that Fox Co. will post 3.37 earnings per share for the current year.

FOX Profile

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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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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