Fox Corporation $FOX Shares Sold by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. lessened its position in Fox Corporation (NASDAQ:FOX) by 35.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,911 shares of the company’s stock after selling 80,000 shares during the period. FOX makes up 1.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 26th largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in FOX were worth $7,589,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. boosted its stake in FOX by 336.9% during the third quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after buying an additional 475 shares in the last quarter. Geneos Wealth Management Inc. raised its position in FOX by 95.1% in 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in FOX in the fourth quarter worth about $83,000. EverSource Wealth Advisors LLC lifted its holdings in FOX by 130.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company’s stock valued at $119,000 after acquiring an additional 1,301 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in FOX by 139.1% in the 4th 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 last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Trending Headlines about FOX

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.

Analyst Upgrades and Downgrades

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

FOX Trading Up 0.5%

Shares of NASDAQ FOX 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. Fox Corporation has a 12 month low of $44.08 and a 12 month high of $68.18. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.40 and a beta of 0.57. The business has a fifty day simple moving average of $52.64 and a 200-day simple moving average of $55.66.

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

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.