Duality Advisers LP Purchases 79,574 Shares of Fox Co. (NASDAQ:FOXA)

Duality Advisers LP lifted its position in Fox Co. (NASDAQ:FOXA) by 161.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,807 shares of the company’s stock after acquiring an additional 79,574 shares during the quarter. Duality Advisers LP’s holdings in FOX were worth $3,822,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in FOX by 862.2% during the fourth quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the last quarter. MV Capital Management Inc. grew its position in FOX by 36.5% during the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after acquiring an additional 379 shares during the last quarter. ING Groep NV bought a new position in FOX during the third quarter valued at approximately $58,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of FOX during the fourth quarter valued at approximately $76,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of FOX by 220.8% during the third quarter. V Square Quantitative Management LLC now owns 5,736 shares of the company’s stock valued at $179,000 after purchasing an additional 3,948 shares during the period. Institutional investors own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. Macquarie raised their price target on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Wells Fargo & Company dropped their price target on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Finally, TheStreet lowered FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.40.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $31.40 on Tuesday. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The business has a fifty day moving average price of $30.22 and a 200-day moving average price of $30.39. The company has a market capitalization of $14.91 billion, a PE ratio of 18.58, a PEG ratio of 0.42 and a beta of 0.78.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the company earned $0.48 earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. As a group, equities analysts expect that Fox Co. will post 3.19 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a yield of 1.8%. FOX’s payout ratio is 30.77%.

FOX Company Profile

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.