Natixis Advisors L.P. Grows Holdings in Fox Co. (NASDAQ:FOXA)

Natixis Advisors L.P. increased its position in shares of Fox Co. (NASDAQ:FOXA) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 258,142 shares of the company’s stock after buying an additional 7,847 shares during the period. Natixis Advisors L.P.’s holdings in FOX were worth $7,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in FOX by 30.9% during the 4th quarter. Victory Capital Management Inc. now owns 717,625 shares of the company’s stock worth $21,292,000 after acquiring an additional 169,454 shares in the last quarter. Van ECK Associates Corp grew its holdings in FOX by 17.6% during the 4th quarter. Van ECK Associates Corp now owns 97,107 shares of the company’s stock worth $2,881,000 after acquiring an additional 14,513 shares in the last quarter. PGGM Investments acquired a new position in FOX during the 4th quarter worth $1,089,000. State of New Jersey Common Pension Fund D grew its holdings in FOX by 8.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 83,808 shares of the company’s stock worth $2,487,000 after acquiring an additional 6,332 shares in the last quarter. Finally, Stevens Capital Management LP grew its holdings in FOX by 104.7% during the 4th quarter. Stevens Capital Management LP now owns 90,540 shares of the company’s stock worth $2,686,000 after acquiring an additional 46,316 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FOXA. Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $40.00 in a report on Thursday. Wells Fargo & Company decreased their price target on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Macquarie lifted their price target on shares of FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Citigroup raised shares of FOX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $34.00 to $35.00 in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of FOX from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.42.

FOX Trading Up 0.5 %

Shares of NASDAQ:FOXA opened at $33.32 on Friday. The company has a market cap of $15.82 billion, a PE ratio of 19.72, a P/E/G ratio of 0.43 and a beta of 0.77. The company’s 50-day moving average price is $30.66 and its 200 day moving average price is $30.45. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data 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. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. FOX’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. Sell-side analysts anticipate that Fox Co. will post 3.18 earnings per share for the current year.

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.