SG Americas Securities LLC bought a new stake in shares of Fox Corp (NASDAQ:FOX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 233,966 shares of the company’s stock, valued at approximately $7,379,000.
Several other institutional investors have also made changes to their positions in FOX. Cacti Asset Management LLC bought a new position in FOX in the third quarter worth $31,092,000. State of Alaska Department of Revenue bought a new position in FOX in the third quarter worth $910,000. Moon Capital Management LLC bought a new position in FOX in the third quarter worth $727,000. F&V Capital Management LLC bought a new position in FOX in the third quarter worth $2,650,000. Finally, Gulf International Bank UK Ltd bought a new position in FOX in the third quarter worth $1,046,000. Institutional investors own 23.58% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded FOX from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. BidaskClub upgraded FOX from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Co restated an “underperform” rating and set a $32.00 price target (up from $30.00) on shares of FOX in a report on Thursday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.00.
In other FOX news, Director Roland A. Hernandez bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $34.91 per share, with a total value of $104,730.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch bought 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $32.06 per share, for a total transaction of $16,030,000.00. Following the purchase, the chairman now directly owns 805,714 shares in the company, valued at approximately $25,831,190.84. The disclosure for this purchase can be found here. 17.47% of the stock is owned by company insiders.
Shares of NASDAQ:FOX traded up $0.18 on Friday, hitting $34.43. 1,551,500 shares of the company traded hands, compared to its average volume of 1,757,195. The stock has a 50 day simple moving average of $31.56 and a 200-day simple moving average of $34.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.78 and a quick ratio of 3.12. Fox Corp has a 52 week low of $29.61 and a 52 week high of $41.73.
FOX (NASDAQ:FOX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.62 EPS for the quarter. The company had revenue of $2.51 billion during the quarter.
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.
Want to see what other hedge funds are holding FOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Corp (NASDAQ:FOX).
Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.