GAMMA Investing LLC Has $343,000 Holdings in Fox Co. (NASDAQ:FOXA)

GAMMA Investing LLC raised its position in Fox Co. (NASDAQ:FOXA) by 28.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,069 shares of the company’s stock after purchasing an additional 1,564 shares during the period. GAMMA Investing LLC’s holdings in FOX were worth $343,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FOXA. Quest Partners LLC acquired a new position in FOX in the third quarter valued at $51,000. Quarry LP bought a new position in shares of FOX in the 3rd quarter worth about $70,000. Versant Capital Management Inc lifted its stake in shares of FOX by 3,551.1% in the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in shares of FOX during the 3rd quarter valued at about $119,000. Finally, Exchange Traded Concepts LLC acquired a new stake in FOX during the third quarter worth approximately $141,000. 52.52% of the stock is owned by institutional investors.

FOX Stock Up 0.6 %

FOXA opened at $49.63 on Tuesday. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $50.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company’s 50-day moving average is $46.76 and its 200 day moving average is $41.85. The firm has a market capitalization of $22.67 billion, a P/E ratio of 12.13, a PEG ratio of 1.21 and a beta of 0.77.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup increased their price target on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com cut shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their price objective on shares of FOX from $51.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, Cfra reaffirmed a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, FOX presently has an average rating of “Hold” and an average target price of $46.87.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of the firm’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 sale, 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 disclosure for this sale can be found here. Insiders sold 469,352 shares of company stock worth $20,822,072 in the last quarter. 21.77% of the stock is currently owned by company insiders.

FOX Profile

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.