Assetmark Inc. Acquires 2,730 Shares of Fox Co. (NASDAQ:FOXA)

Assetmark Inc. lifted its holdings in shares of Fox Co. (NASDAQ:FOXA) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,983 shares of the company’s stock after acquiring an additional 2,730 shares during the period. Assetmark Inc. owned approximately 0.05% of FOX worth $7,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOXA. Quest Partners LLC bought a new stake in FOX in the 4th quarter worth about $1,796,000. Deane Retirement Strategies Inc. bought a new stake in FOX in the 4th quarter worth about $2,752,000. Thompson Siegel & Walmsley LLC grew its position in FOX by 7.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,539,558 shares of the company’s stock worth $45,679,000 after purchasing an additional 102,972 shares in the last quarter. Federated Hermes Inc. boosted its stake in FOX by 3.9% in the third quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock valued at $1,059,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of FOX by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,443 shares of the company’s stock valued at $68,996,000 after acquiring an additional 42,143 shares during the period. 52.52% of the stock is owned by institutional investors.

FOX Stock Up 0.4 %

FOXA opened at $33.01 on Thursday. The company has a 50 day moving average of $31.43 and a 200 day moving average of $30.64. The company has a market cap of $15.41 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays increased their target price on shares of FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. Rosenblatt Securities reissued a “neutral” rating and set a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Wells Fargo & Company reduced their target price on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 8th. TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.83.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the transaction, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 21.77% of the company’s stock.

About FOX

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.