Altshuler Shaham Ltd Purchases New Holdings in Fox Co. (NASDAQ:FOXA)

Altshuler Shaham Ltd purchased a new stake in Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,435 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors have also made changes to their positions in the company. LSV Asset Management raised its position in FOX by 9.0% during the fourth quarter. LSV Asset Management now owns 8,293,153 shares of the company’s stock valued at $246,058,000 after purchasing an additional 686,762 shares in the last quarter. Northern Trust Corp raised its position in FOX by 67.8% during the third quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock valued at $175,993,000 after purchasing an additional 2,279,923 shares in the last quarter. Great Lakes Advisors LLC raised its position in FOX by 39.9% during the third quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock valued at $75,324,000 after purchasing an additional 688,193 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FOX by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,443 shares of the company’s stock valued at $68,996,000 after purchasing an additional 42,143 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its position in FOX by 66.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock valued at $46,935,000 after purchasing an additional 632,522 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

FOX Trading Up 2.6 %

Shares of FOX stock traded up $0.84 during trading on Wednesday, hitting $33.16. The company’s stock had a trading volume of 4,277,844 shares, compared to its average volume of 3,314,118. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. Fox Co. has a 52 week low of $28.28 and a 52 week high of $35.40. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 0.43 and a beta of 0.77. The stock has a 50-day moving average price of $30.58 and a two-hundred day moving average price of $30.43.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.24. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. FOX’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities research analysts anticipate that Fox Co. will post 3.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FOXA has been the subject of several research analyst reports. Citigroup upgraded shares of FOX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 price target on shares of FOX in a report on Monday, April 15th. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Finally, Macquarie upped their price target on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.40.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.