D. E. Shaw & Co. Inc. Sells 186,474 Shares of Fox Co. (NASDAQ:FOX)

D. E. Shaw & Co. Inc. lessened its position in Fox Co. (NASDAQ:FOX - Free Report) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,890 shares of the company's stock after selling 186,474 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.06% of FOX worth $12,116,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of FOX by 3.6% in the third quarter. Barclays PLC now owns 540,789 shares of the company's stock valued at $20,982,000 after buying an additional 18,802 shares during the period. Franklin Resources Inc. boosted its holdings in shares of FOX by 457.5% in the third quarter. Franklin Resources Inc. now owns 44,332 shares of the company's stock valued at $1,694,000 after buying an additional 36,380 shares during the period. Czech National Bank boosted its holdings in shares of FOX by 6.5% in the fourth quarter. Czech National Bank now owns 28,610 shares of the company's stock valued at $1,309,000 after buying an additional 1,736 shares during the period. Wedmont Private Capital acquired a new position in shares of FOX in the fourth quarter valued at approximately $228,000. Finally, Assenagon Asset Management S.A. boosted its holdings 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 buying an additional 1,095,073 shares during the period. Institutional investors own 26.41% of the company's stock.

FOX Stock Up 1.1%

FOX traded up $0.54 during trading hours on Friday, hitting $51.85. 1,312,133 shares of the company's stock were exchanged, compared to its average volume of 1,262,363. Fox Co. has a 1-year low of $30.10 and a 1-year high of $55.00. The stock's 50-day moving average is $47.61 and its two-hundred day moving average is $47.12. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.55 and a beta of 0.56. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. Sell-side analysts predict that Fox Co. will post 4.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $63,849,832.54. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.06% of the company's stock.

Analysts Set New Price Targets

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

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.