Choreo LLC Has $291,000 Position in Fox Corporation (NASDAQ:FOX)

Choreo LLC trimmed its holdings in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 58.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,518 shares of the company's stock after selling 7,705 shares during the period. Choreo LLC's holdings in FOX were worth $291,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in FOX by 457.6% during the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock valued at $37,000 after purchasing an additional 572 shares during the period. CIBC Private Wealth Group LLC increased its position in 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 acquiring an additional 522 shares during the period. O Shaughnessy Asset Management LLC increased its position in 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 acquiring an additional 608 shares during the period. Versant Capital Management Inc boosted its position in FOX by 327.3% during the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after acquiring an additional 1,031 shares during the period. Finally, Westpac Banking Corp grew its stake in shares of FOX by 84.0% in the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after purchasing an additional 742 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Down 0.7%

FOX traded down $0.34 during trading on Wednesday, reaching $50.97. 1,175,270 shares of the stock traded hands, compared to its average volume of 858,330. The stock's 50-day simple moving average is $50.88 and its two-hundred day simple moving average is $49.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. Fox Corporation has a fifty-two week low of $33.72 and a fifty-two week high of $55.00. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.56.

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

Insiders Place Their Bets

In related news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.06% of the stock is currently owned by insiders.

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.