Crestline Management LP Takes $498,000 Position in Fox Co. (NASDAQ:FOX)

Crestline Management LP purchased a new position in shares of Fox Co. (NASDAQ:FOX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,883 shares of the company's stock, valued at approximately $498,000.

Several other hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the 4th quarter valued at $29,000. CIBC Private Wealth Group LLC raised its stake in shares of FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares in the last quarter. Principal Securities Inc. raised its stake in shares of FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after buying an additional 608 shares in the last quarter. Finally, Westpac Banking Corp raised its stake in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after buying an additional 742 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Price Performance

NASDAQ:FOX traded down $0.54 during mid-day trading on Wednesday, reaching $50.54. 1,454,089 shares of the company were exchanged, compared to its average volume of 1,259,906. Fox Co. has a 12 month low of $30.10 and a 12 month high of $55.00. The company has a fifty day moving average of $47.55 and a 200 day moving average of $46.92. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market cap of $22.92 billion, a PE ratio of 10.82, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.19 billion. On average, research analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were 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 in the company, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 23.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research report 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.