A number of other brokerages also recently issued reports on FOX. Zacks Investment Research downgraded FOX from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Wells Fargo & Co reissued an “underperform” rating and set a $32.00 price target (up previously from $30.00) on shares of FOX in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.00.
NASDAQ:FOX traded up $0.99 during trading hours on Friday, reaching $35.45. 310,726 shares of the company were exchanged, compared to its average volume of 1,548,319. FOX has a 1-year low of $29.61 and a 1-year high of $41.73. The company has a current ratio of 3.73, a quick ratio of 2.96 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $31.94 and a 200 day moving average of $34.35.
In related news, Chairman Keith Rupert Murdoch purchased 500,000 shares of FOX stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $32.06 per share, with a total value of $16,030,000.00. Following the completion of the transaction, the chairman now directly owns 805,714 shares of the company’s stock, valued at approximately $25,831,190.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.47% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in shares of FOX in the 3rd quarter valued at $42,000. Hall Laurie J Trustee bought a new position in shares of FOX in the 3rd quarter valued at $57,000. Quest Capital Management Inc. ADV bought a new position in shares of FOX in the 3rd quarter valued at $57,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of FOX in the 3rd quarter valued at $63,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of FOX in the 3rd quarter valued at $69,000. 24.15% of the stock is currently owned by hedge funds and other institutional investors.
FOX Company Profile
Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
Featured Article: The risks of owning bonds
Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.