Calamos Advisors LLC Raises Stock Holdings in Fox Co. (NASDAQ:FOXA)

Calamos Advisors LLC increased its stake in shares of Fox Co. (NASDAQ:FOXA) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 149,193 shares of the company’s stock after buying an additional 1,695 shares during the quarter. Calamos Advisors LLC’s holdings in FOX were worth $7,248,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of FOX by 44,205.3% during the 3rd quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock worth $335,066,000 after purchasing an additional 7,897,710 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after acquiring an additional 964,737 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after acquiring an additional 919,883 shares during the period. KBC Group NV raised its holdings in FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after acquiring an additional 851,127 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of FOX by 244.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company’s stock worth $16,486,000 after purchasing an additional 276,259 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Up 5.2 %

Shares of FOXA opened at $54.64 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.56. The stock has a market cap of $24.96 billion, a PE ratio of 13.36, a P/E/G ratio of 1.25 and a beta of 0.76. The stock’s 50-day moving average is $48.46 and its two-hundred day moving average is $43.83.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. FOX’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Equities analysts forecast that Fox Co. will post 4.12 earnings per share for the current fiscal year.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FOXA shares. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Wells Fargo & Company upped their price objective on shares of FOX from $49.00 to $59.00 and gave the company an “underweight” rating in a research note on Friday, January 10th. UBS Group raised their target price on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price target on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group increased their price target on shares of FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.25.

FOX Company 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.