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

Exchange Traded Concepts LLC grew its stake in shares of Fox Co. (NASDAQ:FOX) by 1,622.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,750 shares of the company’s stock after buying an additional 53,456 shares during the period. Exchange Traded Concepts LLC’s holdings in FOX were worth $2,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of FOX by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after acquiring an additional 300 shares during the period. MBB Public Markets I LLC raised its position in FOX by 4.4% in the second quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock valued at $337,000 after purchasing an additional 440 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of FOX by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after buying an additional 457 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of FOX by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock valued at $2,981,000 after buying an additional 538 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

Shares of FOX stock opened at $46.55 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. Fox Co. has a one year low of $25.82 and a one year high of $47.80. The company’s 50-day simple moving average is $45.39 and its 200-day simple moving average is $40.30. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.66 and a beta of 0.81.

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

Analyst Ratings Changes

FOX has been the subject of a number of analyst reports. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th. Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $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 is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,053,505 shares of company stock worth $47,705,970 over the last ninety days. Company insiders own 23.06% of the company’s stock.

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.