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

Calamos Advisors LLC grew its stake in Fox Co. (NASDAQ:FOXA) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,193 shares of the company’s stock after buying an additional 1,695 shares during the period. Calamos Advisors LLC’s holdings in FOX were worth $7,248,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group lifted its position in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of FOX in the 3rd quarter valued at about $51,000. Quarry LP acquired a new stake in shares of FOX in the 3rd quarter valued at about $70,000. Versant Capital Management Inc grew its stake in FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after buying an additional 1,669 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in FOX during the 3rd quarter worth approximately $119,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ:FOXA opened at $54.64 on Wednesday. The firm’s fifty day simple moving average is $48.46 and its 200-day simple moving average is $43.83. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $24.96 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.25 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $55.56.

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

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 SEC, which is available at the SEC website. 21.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FOXA. Deutsche Bank Aktiengesellschaft raised their target price on shares of FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. UBS Group raised their price objective 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. Guggenheim upped their target price on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. TD Cowen raised their price target on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price objective on FOX from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.