Federated Hermes Inc. Boosts Holdings in Fox Co. (NASDAQ:FOX)

Federated Hermes Inc. raised its stake in Fox Co. (NASDAQ:FOX) by 148.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,245 shares of the company’s stock after acquiring an additional 1,940 shares during the quarter. Federated Hermes Inc.’s holdings in FOX were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOX. Xponance Inc. increased its holdings in FOX by 12.7% in the 3rd quarter. Xponance Inc. now owns 24,798 shares of the company’s stock worth $716,000 after acquiring an additional 2,788 shares during the last quarter. Strs Ohio raised its position in shares of FOX by 42.3% in the third quarter. Strs Ohio now owns 92,523 shares of the company’s stock valued at $2,672,000 after purchasing an additional 27,526 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FOX by 1.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,908 shares of the company’s stock valued at $777,000 after buying an additional 426 shares in the last quarter. TD Asset Management Inc boosted its holdings in FOX by 8.7% in the 3rd quarter. TD Asset Management Inc now owns 209,687 shares of the company’s stock worth $6,056,000 after buying an additional 16,700 shares during the period. Finally, New Mexico Educational Retirement Board grew its stake in FOX by 6.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company’s stock valued at $205,000 after buying an additional 400 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.

FOX Stock Up 1.5 %

Shares of NASDAQ FOX opened at $30.02 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The company has a market cap of $14.26 billion, a P/E ratio of 17.76 and a beta of 0.82. Fox Co. has a 52 week low of $25.82 and a 52 week high of $33.24. The business has a 50-day simple moving average of $27.98 and a two-hundred day simple moving average of $28.10.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.23. The company had revenue of $4.23 billion during the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same quarter last year, the business posted $0.48 earnings per share.

About FOX

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.