Intech Investment Management LLC Buys New Holdings in FuboTV Inc. (NYSE:FUBO)

Intech Investment Management LLC bought a new stake in FuboTV Inc. (NYSE:FUBO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 106,924 shares of the company’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in shares of FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Millennium Management LLC boosted its stake in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after buying an additional 2,742,780 shares during the period. Bank of New York Mellon Corp boosted its stake in FuboTV by 13.6% during the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after buying an additional 127,978 shares during the period. AQR Capital Management LLC boosted its stake in FuboTV by 32.8% during the second quarter. AQR Capital Management LLC now owns 201,446 shares of the company’s stock valued at $250,000 after buying an additional 49,744 shares during the period. Finally, ProShare Advisors LLC raised its position in FuboTV by 71.3% during the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock valued at $244,000 after purchasing an additional 82,042 shares in the last quarter. 39.31% of the stock is owned by institutional investors.

FuboTV Stock Performance

Shares of NYSE:FUBO opened at $1.70 on Friday. The firm has a market cap of $567.95 million, a PE ratio of -2.54 and a beta of 1.74. The firm’s 50 day simple moving average is $1.55 and its 200-day simple moving average is $1.46. FuboTV Inc. has a one year low of $1.10 and a one year high of $3.82. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Activity

In other news, CFO John Janedis sold 74,326 shares of FuboTV stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the sale, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FUBO. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a report on Monday, August 19th. Finally, Barrington Research restated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.88.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.