Altshuler Shaham Ltd Purchases Shares of 1,435 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 Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,435 shares of the company’s stock, valued at approximately $43,000.

Several other large investors have also recently bought and sold shares of FOXA. Global Retirement Partners LLC raised its position in shares of FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after buying an additional 845 shares in the last quarter. MV Capital Management Inc. raised its position in shares of FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after buying an additional 379 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of FOX during the 4th quarter valued at $53,000. ING Groep NV purchased a new stake in shares of FOX during the 3rd quarter valued at $58,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of FOX during the 4th quarter valued at $76,000. 52.52% of the stock is owned by institutional investors.

FOX Trading Up 2.6 %

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

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

Wall Street Analysts Forecast Growth

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

FOX Company Profile

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.