Rhumbline Advisers Purchases 21,842 Shares of Fox Co. (NASDAQ:FOX)

Rhumbline Advisers grew its position in Fox Co. (NASDAQ:FOX - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 278,772 shares of the company's stock after buying an additional 21,842 shares during the period. Rhumbline Advisers owned 0.06% of FOX worth $14,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted 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 purchasing an additional 522 shares during the last quarter. Principal Securities Inc. grew its holdings in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after acquiring an additional 362 shares during the period. 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 valued at $61,000 after acquiring an additional 608 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock valued at $71,000 after purchasing an additional 1,031 shares during the period. Finally, Westpac Banking Corp lifted its stake 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 buying an additional 742 shares during the period. 26.41% of the stock is owned by institutional investors.

FOX Trading Down 1.3%

NASDAQ FOX traded down $0.64 during trading on Thursday, reaching $49.48. 1,373,681 shares of the stock traded hands, compared to its average volume of 1,283,031. Fox Co. has a fifty-two week low of $30.51 and a fifty-two week high of $55.00. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth 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. The stock's 50-day moving average price is $47.92 and its 200 day moving average price is $48.17.

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. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. Analysts predict that Fox Co. will post 4.25 EPS for the current year.

Insider Activity

In related news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now directly owns 133,923 shares in the company, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.06% of the stock is owned by corporate insiders.

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.