Marshall Wace LLP Increases Position in Fox Corporation $FOX

Marshall Wace LLP lifted its holdings in Fox Corporation (NASDAQ:FOX) by 140.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 356,874 shares of the company’s stock after purchasing an additional 208,547 shares during the period. Marshall Wace LLP’s holdings in FOX were worth $18,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOX. Baird Financial Group Inc. boosted its holdings in FOX by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 31,707 shares of the company’s stock valued at $1,637,000 after acquiring an additional 343 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of FOX by 130.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company’s stock worth $119,000 after purchasing an additional 1,301 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of FOX by 1.4% during the second quarter. Rhumbline Advisers now owns 282,575 shares of the company’s stock valued at $14,589,000 after purchasing an additional 3,803 shares during the period. SG Americas Securities LLC grew its holdings in shares of FOX by 280.7% in the second quarter. SG Americas Securities LLC now owns 41,675 shares of the company’s stock worth $2,152,000 after purchasing an additional 30,728 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of FOX by 6.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,209 shares of the company’s stock worth $889,000 after purchasing an additional 989 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Trading Up 1.5%

NASDAQ:FOX opened at $62.20 on Wednesday. The firm has a 50-day simple moving average of $56.67 and a 200-day simple moving average of $53.75. Fox Corporation has a one year low of $43.18 and a one year high of $62.30. The firm has a market cap of $27.61 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.36 and a beta of 0.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.03 and a current ratio of 3.24.

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

Insider Buying and Selling

In other FOX news, Director Paul D. Ryan sold 17,767 shares of FOX stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $64.36, for a total value of $1,143,484.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 168,756 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $65.97, for a total transaction of $11,132,833.32. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 454,817 shares of company stock valued at $29,490,590. 23.06% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.