Versant Capital Management Inc Grows Stock Holdings in Fox Co. (NASDAQ:FOXA)

Versant Capital Management Inc boosted its holdings in Fox Co. (NASDAQ:FOXA) by 3,551.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,716 shares of the company’s stock after buying an additional 1,669 shares during the period. Versant Capital Management Inc’s holdings in FOX were worth $83,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock worth $335,066,000 after purchasing an additional 7,897,710 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in FOX by 228.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after purchasing an additional 964,737 shares during the period. AXA S.A. grew its holdings in FOX by 294.2% during the 2nd quarter. AXA S.A. now owns 888,476 shares of the company’s stock valued at $30,537,000 after buying an additional 663,089 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of FOX by 3.3% during the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock valued at $635,706,000 after buying an additional 597,450 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock worth $83,208,000 after buying an additional 492,467 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FOXA. Loop Capital lifted their price target on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their target price on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Cfra reaffirmed a “sell” rating on shares of FOX in a research note on Wednesday, September 25th. Finally, StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.87.

FOX Price Performance

FOXA opened at $49.32 on Friday. The business has a fifty day moving average of $46.60 and a 200 day moving average of $41.63. The stock has a market cap of $22.53 billion, a P/E ratio of 12.06, a PEG ratio of 1.18 and a beta of 0.75. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 52-week low of $28.28 and a 52-week high of $50.63.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS 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 analysts’ expectations of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. As a group, sell-side analysts anticipate that Fox Co. will post 3.94 EPS for the current year.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is currently owned by company insiders.

FOX Company 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.