Fox Corporation $FOX Stock Sold by Profund Advisors LLC

Profund Advisors LLC decreased its holdings in shares of Fox Corporation (NASDAQ:FOX – Free Report) by 76.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,192 shares of the company’s stock after selling 16,515 shares during the period. Profund Advisors LLC’s holdings in FOX were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in shares of FOX by 42.3% during the second quarter. Versant Capital Management Inc now owns 844 shares of the company’s stock worth $40,000 after buying an additional 251 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in FOX during the 2nd quarter valued at approximately $70,000. Glenmede Trust Co. NA raised its stake in FOX by 143.9% during the 1st quarter. Glenmede Trust Co. NA now owns 2,697 shares of the company’s stock valued at $143,000 after acquiring an additional 1,591 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in FOX by 27.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,838 shares of the company’s stock worth $151,000 after acquiring an additional 613 shares during the period. Finally, CX Institutional lifted its position in FOX by 54.4% during the 3rd quarter. CX Institutional now owns 2,898 shares of the company’s stock worth $163,000 after acquiring an additional 1,021 shares during the period. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Ratings Changes

FOX has been the topic of several analyst reports. Guggenheim reaffirmed a “buy” rating on shares of FOX in a report on Tuesday, August 25th. Wells Fargo & Company upgraded FOX from a “hold” rating to an “overweight” rating and set a $80.00 target price on the stock in a research report on Friday, August 14th. Seaport Research Partners lowered FOX from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Fox Advisors reissued a “market outperform” rating on shares of FOX in a research note on Tuesday, October 20th. Finally, Citizens Jmp raised FOX to a “strong-buy” rating in a research report on Monday, September 14th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, FOX presently has a consensus rating of “Buy” and a consensus price target of $79.50.

View Our Latest Research Report on FOX

FOX Price Performance

FOX opened at $59.50 on Friday. The company has a 50-day moving average of $57.92 and a 200-day moving average of $55.84. The company has a market capitalization of $24.97 billion, a P/E ratio of 12.63, a PEG ratio of 1.30 and a beta of 0.66. Fox Corporation has a 1-year low of $44.08 and a 1-year high of $68.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.99 and a current ratio of 3.79.

FOX (NASDAQ:FOX – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.06 by $0.48. FOX had a net margin of 11.30% and a return on equity of 23.96%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Equities analysts expect that Fox Corporation will post 6.54 EPS for the current fiscal year.

Insider Buying and Selling at FOX

In other news, CEO Lachlan Murdoch purchased 149,934 shares of the stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of $68.53 per share, for a total transaction of $10,274,977.02. Following the acquisition, the chief executive officer owned 1,401,713 shares of the company’s stock, valued at $96,059,391.89. The trade was a 11.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 23.06% of the company’s stock.

FOX Company Profile

(Free Report)

Fox Corporation is a U.S. media company that produces and distributes news, sports and entertainment programming. Its operations include the FOX broadcast network, Fox News Media, Fox Sports, FOX Entertainment and Fox Television Stations. The company also owns Tubi, an ad-supported streaming service.

Fox Corporation was formed in 2019 after The Walt Disney Company acquired much of 21st Century Fox. The company’s programming and services are primarily aimed at audiences in the United States, with content also distributed to viewers in other markets.

Lachlan Murdoch serves as Fox Corporation’s executive chair and chief executive officer.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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