SG Americas Securities LLC Grows Stock Holdings in Fox Corporation $FOX

SG Americas Securities LLC increased its holdings in shares of Fox Corporation (NASDAQ:FOX) by 280.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,675 shares of the company’s stock after purchasing an additional 30,728 shares during the period. SG Americas Securities LLC’s holdings in FOX were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FOX. Cerity Partners LLC purchased a new position in shares of FOX during the 1st quarter valued at about $360,000. CWM LLC raised its position in FOX by 16.6% during the first quarter. CWM LLC now owns 1,892 shares of the company’s stock valued at $100,000 after acquiring an additional 270 shares in the last quarter. IFP Advisors Inc raised its position in FOX by 457.6% during the first quarter. IFP Advisors Inc now owns 697 shares of the company’s stock valued at $37,000 after acquiring an additional 572 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in FOX by 2.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,040 shares of the company’s stock worth $529,000 after purchasing an additional 270 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of FOX by 187.5% during the 1st quarter. Allianz Asset Management GmbH now owns 12,157 shares of the company’s stock worth $641,000 after purchasing an additional 7,928 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 168,756 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $65.97, for a total transaction of $11,132,833.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul D. Ryan sold 17,767 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $64.36, for a total value of $1,143,484.12. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,920 shares of company stock valued at $21,485,254 over the last ninety days. Insiders own 23.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FOX. UBS Group reiterated a “buy” rating on shares of FOX in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research report on Friday, October 31st. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Cfra restated a “buy” rating and issued a $73.00 price target on shares of FOX in a research note on Monday, November 3rd. Finally, Fox Advisors set a $97.00 price target on FOX in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $81.67.

FOX Stock Down 0.4%

Shares of NASDAQ FOX opened at $58.26 on Thursday. Fox Corporation has a 52-week low of $42.94 and a 52-week high of $60.73. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $55.32 and its 200-day simple moving average is $52.75. The firm has a market cap of $25.86 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.57.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. FOX had a net margin of 12.35% and a return on equity of 18.61%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.57 billion. Equities analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX 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.