Summit Global Investments Sells 25,818 Shares of Fox Co. (NASDAQ:FOX)

Summit Global Investments trimmed its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 76.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 8,062 shares of the company's stock after selling 25,818 shares during the quarter. Summit Global Investments' holdings in FOX were worth $425,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the 4th quarter worth about $29,000. CIBC Private Wealth Group LLC grew its stake in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after purchasing an additional 522 shares during the period. Principal Securities Inc. boosted its holdings in FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after acquiring an additional 362 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings 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 acquiring an additional 608 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in FOX by 327.3% in the first 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 in the last quarter. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Up 0.6%

Shares of FOX stock traded up $0.32 during trading hours on Thursday, reaching $49.87. The company had a trading volume of 243,225 shares, compared to its average volume of 1,278,742. The company has a market cap of $22.42 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The business has a fifty day simple moving average of $47.96 and a 200-day simple moving average of $47.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 12 month low of $30.51 and a 12 month high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. On average, research analysts expect that Fox Co. 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.