Qsemble Capital Management LP Purchases Shares of 9,531 Fox Co. (NASDAQ:FOXA)

Qsemble Capital Management LP acquired a new stake in shares of Fox Co. (NASDAQ:FOXA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,531 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trust Asset Management LLC acquired a new stake in shares of FOX during the 3rd quarter valued at $208,000. Daiwa Securities Group Inc. lifted its position in shares of FOX by 5.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,172 shares of the company’s stock valued at $1,320,000 after acquiring an additional 1,502 shares during the last quarter. Cerity Partners LLC lifted its position in shares of FOX by 98.3% during the 3rd quarter. Cerity Partners LLC now owns 34,198 shares of the company’s stock valued at $1,448,000 after acquiring an additional 16,950 shares during the last quarter. Citigroup Inc. lifted its position in shares of FOX by 35.3% during the 3rd quarter. Citigroup Inc. now owns 593,104 shares of the company’s stock valued at $25,106,000 after acquiring an additional 154,680 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of FOX by 44,205.3% during the 3rd quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock valued at $335,066,000 after acquiring an additional 7,897,710 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company increased their target price on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Cfra restated a “sell” rating on shares of FOX in a report on Wednesday, September 25th. JPMorgan Chase & Co. increased their target price on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Barclays increased their target price on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 469,352 shares of company stock valued at $20,822,072 over the last three months. 21.77% of the stock is currently owned by insiders.

FOX Trading Up 1.2 %

FOX stock opened at $46.71 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.18 and a beta of 0.76. Fox Co. has a one year low of $28.28 and a one year high of $47.58. The company’s fifty day moving average price is $43.24 and its two-hundred day moving average price is $38.95.

FOX (NASDAQ:FOXA) last posted its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. On average, analysts forecast that Fox Co. will post 3.94 earnings per share for the current fiscal year.

FOX 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.