TCW Group Inc. Lowers Position in Fox Co. (NASDAQ:FOXA)

TCW Group Inc. decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 92.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,337 shares of the company’s stock after selling 879,010 shares during the quarter. TCW Group Inc.’s holdings in FOX were worth $2,176,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. Altshuler Shaham Ltd bought a new position in FOX in the fourth quarter valued at $43,000. MV Capital Management Inc. raised its position in FOX by 36.5% during the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after purchasing an additional 379 shares in the last quarter. GAMMA Investing LLC bought a new stake in FOX during the fourth quarter worth about $53,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of FOX in the 4th quarter worth about $76,000. 52.52% of the stock is currently owned by institutional investors.

FOX Trading Up 1.9 %

NASDAQ:FOXA traded up $0.64 during trading hours on Friday, hitting $33.61. The company had a trading volume of 2,045,432 shares, compared to its average volume of 2,867,298. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.24 and a quick ratio of 2.94. The stock has a 50-day moving average price of $31.58 and a 200 day moving average price of $30.67. The company has a market capitalization of $15.69 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. Fox Co. has a 52 week low of $28.28 and a 52 week high of $35.40.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FOXA shares. Rosenblatt Securities restated a “neutral” rating and issued a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Macquarie upped their price objective on shares of FOX from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Citigroup upgraded shares of FOX from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. Finally, TheStreet lowered FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.83.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the transaction, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 21.77% of the company’s stock.

FOX 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.