Fox Co. (NASDAQ:FOX) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in shares of Fox Co. (NASDAQ:FOX) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,716,165 shares of the company’s stock after buying an additional 226,867 shares during the quarter. Janus Henderson Group PLC’s holdings in FOX were worth $66,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB grew its position in shares of FOX by 117.8% in the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after purchasing an additional 78,801 shares during the last quarter. Summit Global Investments acquired a new stake in shares of FOX in the third quarter valued at approximately $768,000. Independent Franchise Partners LLP grew its position in shares of FOX by 14.5% in the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after purchasing an additional 636,247 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of FOX by 47.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock valued at $22,554,000 after purchasing an additional 227,194 shares during the last quarter. Finally, Regal Partners Ltd grew its position in shares of FOX by 30.3% in the third quarter. Regal Partners Ltd now owns 667,049 shares of the company’s stock valued at $25,882,000 after purchasing an additional 154,924 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

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 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 $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Barclays raised shares of FOX to a “hold” rating in a research note on Wednesday, October 9th.

FOX Stock Performance

Shares of FOX opened at $44.25 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.69 and a beta of 0.83. The company’s 50 day simple moving average is $40.84 and its 200 day simple moving average is $36.71. Fox Co. has a 1 year low of $25.82 and a 1 year high of $44.89.

About FOX

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.