Fox Corporation $FOX Shares Sold by Andra AP fonden

Andra AP fonden lowered its stake in shares of Fox Corporation (NASDAQ:FOX) by 69.5% during the first quarter, Holdings Channel reports. The fund owned 229,922 shares of the company’s stock after selling 523,778 shares during the period. Andra AP fonden’s holdings in FOX were worth $12,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in FOX by 792.4% during the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock worth $182,448,000 after purchasing an additional 2,827,768 shares during the period. SG Americas Securities LLC boosted its stake in shares of FOX by 2,459.6% in the 4th quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock valued at $26,818,000 after buying an additional 396,900 shares during the period. Pinebridge Investments LLC acquired a new position in shares of FOX during the fourth quarter worth about $13,758,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of FOX during the first quarter worth about $9,328,000. Finally, Jane Street Group LLC increased its stake in shares of FOX by 427.0% during the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock worth $5,127,000 after buying an additional 78,804 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Down 0.2%

Shares of NASDAQ FOX opened at $51.47 on Wednesday. The business has a 50-day moving average price of $53.18 and a 200 day moving average price of $55.93. The stock has a market cap of $21.63 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.47 and a beta of 0.57. The company has a quick ratio of 2.65, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. Fox Corporation has a 52-week low of $44.08 and a 52-week high of $68.18.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Monday, May 11th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.02 by $0.30. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. Equities research analysts forecast that Fox Corporation will post 4.78 earnings per share for the current year.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Negative Sentiment: Unusual put options activity suggests some traders are betting on further downside in Fox Corporation (FOX), even as the shares have bounced from recent lows following market reaction to the company’s Roku-related deal. Unusual Put Options Volume in Fox Corp After FOXA Stock Rebounds After Roku Deal Reaction
• Neutral Sentiment: FOX News and FOX Weather generated a steady stream of traffic with coverage of major political and weather events, including Iran developments, U.S. election politics, and Tropical Storm Bertha. This supports the value of Fox’s media assets, but the articles themselves do not clearly change the company’s financial outlook.
• Neutral Sentiment: Fox Corporation disclosed $1.34 million in lobbying spending tied to carriage, copyright, privacy, streaming, antitrust, and media-ownership issues, highlighting the company’s ongoing policy footprint, though the filing is not likely to move the stock by itself. Lobbying Update: $1,340,000 of FOX CORPORATION lobbying was just disclosed
• Negative Sentiment: Analysts are expecting Fox’s upcoming earnings to show a single-digit decline in earnings, which could weigh on sentiment ahead of the report. Here’s What to Expect From Fox Corporation’s Next Earnings Report

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FOX shares. Rothschild & Co Redburn set a $71.00 price objective on shares of FOX in a research report on Friday, July 10th. Citigroup reaffirmed a “buy” rating on shares of FOX in a research report on Friday. Weiss Ratings downgraded FOX from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Zacks Research lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FOX currently has an average rating of “Moderate Buy” and an average price target of $74.33.

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.