MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.02 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of Fox Co. (NASDAQ:FOXA) by 64.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,049 shares of the company’s stock after selling 38,821 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in FOX were worth $1,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOXA. DnB Asset Management AS boosted its holdings in FOX by 0.6% during the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company’s stock valued at $2,141,000 after purchasing an additional 245 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. SRS Capital Advisors Inc. grew its position in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 262 shares during the period. US Bancorp DE raised its stake in FOX by 2.0% during the fourth quarter. US Bancorp DE now owns 14,520 shares of the company’s stock worth $705,000 after acquiring an additional 281 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock worth $524,000 after acquiring an additional 292 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.1%

Shares of NASDAQ FOXA opened at $55.04 on Monday. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. The firm has a market capitalization of $24.75 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The company’s 50 day simple moving average is $51.68 and its 200 day simple moving average is $50.81.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. On average, analysts predict that Fox Co. will post 4.38 EPS for the current year.

Analyst Upgrades and Downgrades

FOXA has been the topic of several analyst reports. Loop Capital upped their target price on shares of FOX from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of FOX from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. UBS Group boosted their target price on FOX from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.71.

About FOX

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.