Allspring Global Investments Holdings LLC Has $15.45 Million Stock Holdings in Fox Corporation (NASDAQ:FOX)

Allspring Global Investments Holdings LLC cut its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 41.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,372 shares of the company's stock after selling 208,783 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of FOX worth $15,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after acquiring an additional 522 shares during the period. O Shaughnessy Asset Management LLC raised its position in FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after purchasing an additional 608 shares in the last quarter. Versant Capital Management Inc lifted its stake in FOX by 327.3% during the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after purchasing an additional 1,031 shares during the period. Westpac Banking Corp boosted its holdings in FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after purchasing an additional 742 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of FOX in the 4th quarter valued at approximately $89,000. 26.41% of the stock is currently owned by institutional investors.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the sale, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is owned by corporate insiders.

FOX Price Performance

FOX stock traded up $1.00 during trading on Thursday, hitting $51.77. The company had a trading volume of 1,041,473 shares, compared to its average volume of 1,280,034. The company has a fifty day moving average price of $49.60 and a two-hundred day moving average price of $48.85. Fox Corporation has a fifty-two week low of $32.02 and a fifty-two week high of $55.00. The company has a market cap of $23.28 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.16 and a beta of 0.56. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. Equities research analysts expect that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

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.