Aigen Investment Management LP Makes New Investment in Fox Co. (NASDAQ:FOXA)

Aigen Investment Management LP purchased a new stake in Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,502 shares of the company’s stock, valued at approximately $549,000.

Other hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC raised its position in shares of FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of FOX in the 4th quarter worth approximately $43,000. MV Capital Management Inc. boosted its stake in FOX by 36.5% in the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after acquiring an additional 379 shares in the last quarter. GAMMA Investing LLC purchased a new position in FOX in the fourth quarter worth $53,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of FOX during the fourth quarter worth $76,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the transaction, the chairman now owns 1,408,862 shares in the company, valued at $43,519,747.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FOXA shares. Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company decreased their price target on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Citigroup raised FOX from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. Finally, Barclays lifted their target price on FOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.83.

FOX Stock Down 0.6 %

Shares of FOXA opened at $32.81 on Thursday. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40. The stock’s 50 day moving average is $31.43 and its two-hundred day moving average is $30.64. The firm has a market cap of $15.31 billion, a P/E ratio of 10.35, a PEG ratio of 1.20 and a beta of 0.77.

FOX 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.