Cerity Partners LLC bought a new stake in Fox Corporation (NASDAQ:FOX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 6,830 shares of the company's stock, valued at approximately $360,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of FOX. CIBC Private Wealth Group LLC lifted its holdings in 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 buying an additional 522 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after acquiring 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 last quarter. Westpac Banking Corp boosted its holdings in FOX by 84.0% in 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. purchased a new position in FOX in the fourth quarter valued at approximately $89,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.
FOX Stock Up 0.8%
Shares of NASDAQ:FOX opened at $52.12 on Friday. Fox Corporation has a 1-year low of $33.72 and a 1-year high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The stock has a market cap of $23.43 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.17 and a beta of 0.56. The firm has a fifty day moving average price of $50.89 and a 200 day moving average price of $49.45.
FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. Sell-side analysts predict that Fox Corporation will post 4.25 EPS for the current year.
Insider Activity at FOX
In other news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at $7,415,316.51. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.06% of the company's stock.
FOX Profile
(
Free Report)
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.
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