Algert Global LLC Purchases 18,779 Shares of Fox Co. (NASDAQ:FOX)

Algert Global LLC grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,796 shares of the company's stock after purchasing an additional 18,779 shares during the period. Algert Global LLC's holdings in FOX were worth $3,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of FOX during the 4th quarter valued at $138,822,000. Contrarius Group Holdings Ltd bought a new stake in FOX in the 4th quarter worth $57,766,000. Assenagon Asset Management S.A. increased its position in shares of FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock valued at $135,890,000 after acquiring an additional 1,095,073 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of FOX during the fourth quarter valued at about $48,606,000. Finally, Independent Franchise Partners LLP increased its holdings in FOX by 15.4% during the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after purchasing an additional 759,874 shares during the period. Institutional investors own 26.41% of the company's stock.

FOX Stock Performance

Shares of FOX stock traded down $0.24 on Friday, reaching $46.72. The stock had a trading volume of 986,002 shares, compared to its average volume of 1,246,756. The stock has a market cap of $21.18 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 1 year low of $30.10 and a 1 year high of $55.00. The company has a 50 day simple moving average of $47.64 and a 200 day simple moving average of $46.76.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.06% of the company's stock.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson downgraded shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

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.