Fox Co. (NASDAQ:FOX) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of Fox Co. (NASDAQ:FOX) by 1,622.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,750 shares of the company’s stock after purchasing an additional 53,456 shares during the period. Exchange Traded Concepts LLC’s holdings in FOX were worth $2,596,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its holdings in FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 449 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in FOX in the 3rd quarter valued at approximately $74,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in FOX by 1,269.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock valued at $138,000 after purchasing an additional 3,300 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in FOX during the second quarter worth $136,000. Finally, GAMMA Investing LLC boosted its position in shares of FOX by 31.7% during the third quarter. GAMMA Investing LLC now owns 4,645 shares of the company’s stock worth $180,000 after buying an additional 1,117 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FOX shares. Barclays upgraded FOX to a “hold” rating in a report on Wednesday, October 9th. Moffett Nathanson cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, 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 filing with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,053,505 shares of company stock valued at $47,705,970. 23.06% of the stock is owned by company insiders.

FOX Stock Performance

NASDAQ FOX opened at $46.55 on Friday. The company has a fifty day moving average of $45.39 and a two-hundred day moving average of $40.30. The company has a market capitalization of $21.26 billion, a PE ratio of 11.38, a P/E/G ratio of 1.66 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 1 year low of $25.82 and a 1 year high of $47.80.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the business posted $1.09 earnings per share. As a group, analysts expect that Fox Co. will post 3.91 earnings per share for the current 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.