Golub Group LLC bought a new stake in Fox Corp (NASDAQ:FOXA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 979,732 shares of the company’s stock, valued at approximately $30,896,000. FOX accounts for approximately 2.4% of Golub Group LLC’s holdings, making the stock its 20th biggest position. Golub Group LLC owned about 0.16% of FOX at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Factory Mutual Insurance Co. acquired a new position in FOX during the 3rd quarter valued at about $49,574,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in FOX during the 3rd quarter valued at about $41,569,000. Tweedy Browne Co LLC acquired a new position in FOX during the 3rd quarter valued at about $40,985,000. California Public Employees Retirement System acquired a new position in FOX during the 3rd quarter valued at about $31,662,000. Finally, Gabelli Funds LLC acquired a new position in FOX during the 3rd quarter valued at about $19,813,000. Hedge funds and other institutional investors own 55.84% of the company’s stock.
Several equities analysts have commented on FOXA shares. Evercore ISI reissued a “buy” rating and set a $45.00 target price on shares of FOX in a research note on Thursday, August 8th. Atlantic Securities cut shares of FOX from an “overweight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research note on Tuesday, September 10th. Citigroup reduced their price objective on shares of FOX from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. BidaskClub lowered shares of FOX from a “hold” rating to a “sell” rating in a research report on Saturday, August 24th. Finally, Macquarie lowered shares of FOX from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $30.00 in a research report on Monday, September 9th. Seven research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. FOX presently has an average rating of “Hold” and an average target price of $41.89.
Shares of FOXA traded up $0.20 during midday trading on Friday, hitting $35.14. The stock had a trading volume of 4,979,800 shares, compared to its average volume of 5,333,419. Fox Corp has a fifty-two week low of $29.69 and a fifty-two week high of $41.95. The firm has a market cap of $20.38 billion and a P/E ratio of 13.36. The company has a current ratio of 3.78, a quick ratio of 3.12 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $31.93 and a two-hundred day simple moving average of $34.80.
FOX (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that Fox Corp will post 2.34 earnings per share for the current fiscal year.
Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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