Centiva Capital LP Reduces Stock Holdings in Fox Co. (NASDAQ:FOXA)

Centiva Capital LP decreased its holdings in Fox Co. (NASDAQ:FOXA) by 32.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,769 shares of the company’s stock after selling 26,021 shares during the quarter. Centiva Capital LP’s holdings in FOX were worth $2,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Independent Franchise Partners LLP lifted its stake in FOX by 3.3% in the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock worth $635,706,000 after acquiring an additional 597,450 shares during the period. LSV Asset Management lifted its position in FOX by 5.9% during the second quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock valued at $294,816,000 after buying an additional 481,267 shares during the period. Pacer Advisors Inc. lifted its position in FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock valued at $335,066,000 after buying an additional 7,897,710 shares during the period. Dimensional Fund Advisors LP lifted its position in FOX by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after buying an additional 268,778 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in FOX by 25.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock valued at $83,208,000 after buying an additional 492,467 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

FOXA has been the subject of several recent research reports. UBS Group raised their price objective on FOX from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barclays raised their price target on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a report on Monday, November 25th. TD Cowen lifted their price objective on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, FOX currently has an average rating of “Hold” and an average target price of $44.00.

FOX Stock Down 0.7 %

FOXA stock opened at $46.77 on Tuesday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.36 billion, a P/E ratio of 11.44, a PEG ratio of 1.21 and a beta of 0.77. The business’s 50-day moving average price is $43.50 and its 200-day moving average price is $39.19.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Fox Co. will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Insiders have sold a total of 469,352 shares of company stock valued at $20,822,072 in the last quarter. 21.77% of the stock is currently owned by insiders.

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.