Aigen Investment Management LP Acquires Shares of 28,999 Fox Co. (NASDAQ:FOXA)

Aigen Investment Management LP acquired a new stake in Fox Co. (NASDAQ:FOXA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 28,999 shares of the company’s stock, valued at approximately $1,409,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its stake in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after buying an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after acquiring an additional 249 shares during the period. Brooklyn Investment Group grew its position in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares during the period. Finally, Quest Partners LLC bought a new position in shares of FOX during the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Up 0.2 %

Shares of NASDAQ:FOXA opened at $56.34 on Thursday. The firm has a fifty day moving average price of $52.07 and a two-hundred day moving average price of $46.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a one year low of $28.28 and a one year high of $58.74. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.27 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s payout ratio is 11.56%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FOXA shares. Moffett Nathanson downgraded shares of FOX from a “buy” rating to a “neutral” rating and increased their target price for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Bank of America increased their target price on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Guggenheim increased their target price on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Barclays increased their target price on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, FOX presently has a consensus rating of “Hold” and a consensus target price of $51.19.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

About FOX

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.