Fox Corporation $FOX Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in Fox Corporation (NASDAQ:FOX) by 2.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 579,800 shares of the company’s stock after purchasing an additional 13,200 shares during the period. Gabelli Funds LLC’s holdings in FOX were worth $30,787,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brown Brothers Harriman & Co. boosted its holdings in shares of FOX by 336.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after buying an additional 475 shares during the period. Geneos Wealth Management Inc. raised its stake in FOX by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock worth $76,000 after acquiring an additional 703 shares during the period. FNY Investment Advisers LLC bought a new position in FOX in the fourth quarter worth about $83,000. EverSource Wealth Advisors LLC lifted its holdings in FOX by 130.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company’s stock worth $119,000 after acquiring an additional 1,301 shares during the last quarter. Finally, Covestor Ltd boosted its stake in FOX by 139.1% in the fourth quarter. Covestor Ltd now owns 2,955 shares of the company’s stock valued at $192,000 after acquiring an additional 1,719 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Trading Up 0.5%

FOX stock opened at $49.41 on Friday. The company has a quick ratio of 2.65, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $52.64 and a two-hundred day moving average price of $55.66. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.41 and a beta of 0.57. Fox Corporation has a 52-week low of $44.08 and a 52-week high of $68.18.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Monday, May 11th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.02 by $0.30. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.78 billion. FOX had a net margin of 10.56% and a return on equity of 18.90%. Sell-side analysts expect that Fox Corporation will post 4.78 earnings per share for the current year.

Analysts Set New Price Targets

FOX has been the subject of several recent research reports. Zacks Research lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Rothschild & Co Redburn set a $71.00 price target on FOX in a report on Friday, July 10th. Weiss Ratings lowered FOX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Finally, Citigroup restated a “buy” rating on shares of FOX in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.33.

Key FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News continued to generate attention with high-traffic coverage of major political, international, and U.S. crime stories, including Iran, Trump, and antisemitic violence-related reporting, which can help support viewer engagement and advertising demand. Fox News coverage
• Neutral Sentiment: FOX was cited in a short-interest update, but the data showed 0 shares of short interest and a 0.0 days-to-cover ratio, so the report does not provide a meaningful new trading signal.
• Neutral Sentiment: Additional Fox News articles covered developments such as a CDC investigation into Ohio cyclosporiasis cases, a controversy involving an Oklahoma state agency attorney, and other local and national news items, reinforcing the network’s broad news flow but without a clear direct impact on FOX’s fundamentals.

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.