Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Fox Corp Class A (NASDAQ: FOXA)
Fox represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, and the Fox Studios lot. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.
A quick look at the price chart below for Fox shows us that the stock is down 27% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.99, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Fox include:
Seth Klarman – 27,322,720 shares
Jim Simons – 10,538,511 shares
Donald Yacktman – 8,390,515 shares
Ken Griffin – 1,296,643 shares
Mario Gabelli – 593,245 shares
Cliff Asness – 161,621 shares
Joel Greenblatt – 42,038 shares
Rich Pzena – 26,109 shares
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