Amalgamated Bank decreased its stake in shares of Fox Co. (NASDAQ:FOXA – Free Report) by 20.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 80,045 shares of the company’s stock after selling 20,615 shares during the period. Amalgamated Bank’s holdings in FOX were worth $2,726,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of FOX by 3.1% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,983 shares of the company’s stock worth $337,000 after buying an additional 334 shares during the period. Empirical Finance LLC boosted its holdings in shares of FOX by 3.9% during the 1st quarter. Empirical Finance LLC now owns 8,860 shares of the company’s stock worth $302,000 after buying an additional 336 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of FOX by 1.1% during the 4th quarter. Handelsbanken Fonder AB now owns 35,793 shares of the company’s stock worth $1,087,000 after buying an additional 400 shares during the period. Captrust Financial Advisors boosted its holdings in shares of FOX by 9.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,480 shares of the company’s stock worth $144,000 after buying an additional 405 shares during the period. Finally, 44 Wealth Management LLC boosted its holdings in shares of FOX by 3.1% during the 1st quarter. 44 Wealth Management LLC now owns 13,785 shares of the company’s stock worth $469,000 after buying an additional 409 shares during the period. Institutional investors own 57.81% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of FOX from $39.00 to $37.00 in a report on Thursday, May 4th. Wells Fargo & Company downgraded shares of FOX from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $35.00 to $31.00 in a report on Monday, July 10th. Rosenblatt Securities cut their price objective on shares of FOX from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. StockNews.com assumed coverage on shares of FOX in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Argus downgraded shares of FOX from a “buy” rating to a “hold” rating in a report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $36.40.
Insider Activity
FOX Trading Up 0.4 %
Shares of NASDAQ FOXA opened at $33.24 on Friday. 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 Co. has a 52-week low of $28.01 and a 52-week high of $37.26. The firm has a 50 day moving average price of $33.11 and a two-hundred day moving average price of $33.39. The stock has a market cap of $16.77 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86.
FOX (NASDAQ:FOXA – Get Free Report) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. FOX had a net margin of 7.84% and a return on equity of 16.36%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Fox Co. will post 3.36 EPS for the current year.
FOX Profile
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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.
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