Neuberger Berman Group LLC Sells 45,156 Shares of Fox Co. (NASDAQ:FOXA)

Neuberger Berman Group LLC decreased its holdings in Fox Co. (NASDAQ:FOXA) by 41.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,034 shares of the company’s stock after selling 45,156 shares during the period. Neuberger Berman Group LLC’s holdings in FOX were worth $1,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in shares of FOX in the 4th quarter valued at approximately $1,796,000. Deane Retirement Strategies Inc. bought a new stake in FOX in the fourth quarter worth $2,752,000. Thompson Siegel & Walmsley LLC boosted its stake in FOX by 7.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,539,558 shares of the company’s stock worth $45,679,000 after buying an additional 102,972 shares during the period. Federated Hermes Inc. increased its position in FOX by 3.9% during the third quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock valued at $1,059,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of FOX by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,443 shares of the company’s stock valued at $68,996,000 after acquiring an additional 42,143 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $34.00 price target on shares of FOX in a research note on Monday, April 15th. Barclays boosted their target price on FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. 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 assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.83.

FOX Stock Performance

Shares of FOX stock opened at $33.61 on Monday. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average price is $31.58 and its 200-day moving average price is $30.67. The firm has a market cap of $15.69 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.22 and a beta of 0.77. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the business’s 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 sale, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 21.77% of the stock is owned by company insiders.

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.