Twin Tree Management LP Sells 37,997 Shares of Fox Co. (NASDAQ:FOXA)

Twin Tree Management LP decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 76.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,595 shares of the company’s stock after selling 37,997 shares during the period. Twin Tree Management LP’s holdings in FOX were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FOXA. SRS Capital Advisors Inc. increased its stake in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its stake in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of FOX during the third quarter valued at approximately $51,000. Institutional investors own 52.52% of the company’s stock.

FOX Trading Down 0.2 %

Shares of FOX stock opened at $52.38 on Wednesday. The company’s fifty day simple moving average is $52.79 and its 200-day simple moving average is $47.33. The stock has a market capitalization of $23.75 billion, a PE ratio of 11.22, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 1-year low of $29.53 and a 1-year high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. As a group, equities analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

Insider Transactions at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FOXA shares. Loop Capital raised their price target on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Guggenheim raised their price target on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Barclays raised their price target on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. StockNews.com downgraded shares of FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, UBS Group raised their price target on shares of FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, FOX has an average rating of “Hold” and an average price target of $51.19.

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.