Victory Capital Management Inc. Has $21.29 Million Holdings in Fox Co. (NASDAQ:FOXA)

Victory Capital Management Inc. grew its holdings in shares of Fox Co. (NASDAQ:FOXA) by 30.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 717,625 shares of the company’s stock after acquiring an additional 169,454 shares during the quarter. Victory Capital Management Inc.’s holdings in FOX were worth $21,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James & Associates lifted its holdings in shares of FOX by 21.6% during the 3rd quarter. Raymond James & Associates now owns 229,473 shares of the company’s stock worth $7,160,000 after acquiring an additional 40,816 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of FOX by 7.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 66,931 shares of the company’s stock worth $2,088,000 after acquiring an additional 4,393 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of FOX by 6.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,656 shares of the company’s stock worth $1,674,000 after acquiring an additional 3,421 shares during the period. ING Groep NV bought a new stake in shares of FOX during the 3rd quarter worth approximately $58,000. Finally, Portside Wealth Group LLC lifted its holdings in shares of FOX by 9.5% during the 3rd quarter. Portside Wealth Group LLC now owns 17,126 shares of the company’s stock worth $531,000 after acquiring an additional 1,482 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Price Performance

FOXA stock opened at $33.32 on Friday. Fox Co. has a 52-week low of $28.28 and a 52-week high of $35.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The company has a fifty day moving average price of $30.66 and a 200-day moving average price of $30.45. The company has a market capitalization of $15.82 billion, a P/E ratio of 19.72, a PEG ratio of 0.43 and a beta of 0.77.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the company posted $0.48 earnings per share. FOX’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities analysts expect that Fox Co. will post 3.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FOXA shares. Macquarie increased their price objective on shares of FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Wells Fargo & Company dropped their price objective on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $34.00 to $40.00 in a research note on Thursday. Rosenblatt Securities reissued a “neutral” rating and issued a $34.00 price objective on shares of FOX in a research note on Monday, April 15th. Finally, TheStreet downgraded shares of 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 issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.42.

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.