Fox Co. (NASDAQ:FOX) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Fox Co. (NASDAQ:FOX) by 448.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 712,900 shares of the company’s stock after purchasing an additional 582,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.15% of FOX worth $27,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its position in FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. FMR LLC raised its position in shares of FOX by 29.9% during the 3rd quarter. FMR LLC now owns 62,589 shares of the company’s stock worth $2,428,000 after acquiring an additional 14,405 shares in the last quarter. Bank of Montreal Can raised its position in shares of FOX by 232.1% during the 3rd quarter. Bank of Montreal Can now owns 449,296 shares of the company’s stock worth $17,451,000 after acquiring an additional 313,998 shares in the last quarter. Mirabella Financial Services LLP raised its position in shares of FOX by 5.5% during the 3rd quarter. Mirabella Financial Services LLP now owns 1,233,401 shares of the company’s stock worth $47,856,000 after acquiring an additional 64,062 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of FOX during the 3rd quarter worth about $301,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insiders Place Their Bets

In other FOX news, COO John Nallen sold 182,481 shares of FOX 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 directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction that occurred on Tuesday, November 26th. The shares were 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. Insiders have sold a total of 1,053,505 shares of company stock valued at $47,705,970 over the last quarter. Company insiders own 23.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FOX. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

FOX Trading Up 1.3 %

FOX opened at $44.36 on Thursday. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.66. The business’s 50 day moving average is $40.10 and its two-hundred day moving average is $36.18. 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 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.