Cacti Asset Management LLC Has $39.31 Million Holdings in Fox Co. (NASDAQ:FOX)

Cacti Asset Management LLC reduced its stake in shares of Fox Co. (NASDAQ:FOX) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 852,992 shares of the company’s stock after selling 1,770 shares during the quarter. FOX accounts for 3.0% of Cacti Asset Management LLC’s portfolio, making the stock its 12th largest position. Cacti Asset Management LLC owned about 0.19% of FOX worth $39,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of FOX. Principal Financial Group Inc. boosted its stake in shares of FOX by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 178,328 shares of the company’s stock valued at $5,710,000 after purchasing an additional 16,084 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of FOX by 9.7% in the 2nd quarter. CIBC Asset Management Inc now owns 20,758 shares of the company’s stock valued at $665,000 after purchasing an additional 1,836 shares during the period. Regal Partners Ltd bought a new position in FOX during the 2nd quarter worth about $16,398,000. TD Asset Management Inc lifted its holdings in shares of FOX by 9.7% in the second quarter. TD Asset Management Inc now owns 279,850 shares of the company’s stock valued at $8,961,000 after purchasing an additional 24,752 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of FOX during the second quarter worth about $1,684,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FOX shares. Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

Insiders Place Their Bets

In other FOX news, COO John Nallen sold 182,481 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,053,505 shares of company stock worth $47,705,970. 23.06% of the stock is currently owned by insiders.

FOX Trading Up 1.2 %

NASDAQ FOX traded up $0.54 on Thursday, hitting $46.28. The company’s stock had a trading volume of 187,296 shares, compared to its average volume of 1,100,395. The firm has a market cap of $21.14 billion, a PE ratio of 11.32, a PEG ratio of 1.58 and a beta of 0.82. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 1-year low of $25.82 and a 1-year high of $47.80. The company’s 50-day moving average is $43.55 and its 200 day moving average is $38.66.

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.