AlphaQuest LLC Has $287,000 Stake in Fox Co. (NASDAQ:FOXA)

AlphaQuest LLC lifted its holdings in Fox Co. (NASDAQ:FOXA) by 390.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,901 shares of the company’s stock after buying an additional 4,697 shares during the quarter. AlphaQuest LLC’s holdings in FOX were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. SRS Capital Advisors Inc. raised its position in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the 4th quarter valued at $28,000. Jones Financial Companies Lllp boosted its stake in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares during the last quarter. Brooklyn Investment Group raised its holdings in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of FOX in the 3rd quarter valued at $51,000. 52.52% of the stock is owned by institutional investors.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $52.28 on Friday. Fox Co. has a one year low of $29.29 and a one year high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market cap of $23.71 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.27 and a beta of 0.67. The stock’s fifty day moving average price is $52.67 and its two-hundred day moving average price is $47.09.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the firm earned $0.34 earnings per share. FOX’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insider Buying and Selling at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This 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.

Analyst Ratings Changes

FOXA has been the subject of a number of research reports. Loop Capital increased their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. UBS Group raised their price objective on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Moffett Nathanson lowered FOX from a “buy” rating to a “neutral” rating and upped their target price for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, Bank of America raised their price target on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.19.

FOX Company Profile

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.