GAMMA Investing LLC Buys 466,330 Shares of Fox Co. (NASDAQ:FOX)

GAMMA Investing LLC raised its stake in Fox Co. (NASDAQ:FOX - Free Report) by 7,082.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 472,914 shares of the company's stock after buying an additional 466,330 shares during the quarter. GAMMA Investing LLC owned about 0.10% of FOX worth $24,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FOX. Norges Bank bought a new stake in FOX in the 4th quarter valued at $138,822,000. Contrarius Group Holdings Ltd acquired a new position in shares of FOX during the fourth quarter worth about $57,766,000. Independent Franchise Partners LLP grew its holdings in shares of FOX by 15.4% during the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock worth $261,010,000 after buying an additional 759,874 shares in the last quarter. Amundi grew its holdings in shares of FOX by 83.0% during the fourth quarter. Amundi now owns 1,549,002 shares of the company's stock worth $72,199,000 after buying an additional 702,561 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in FOX by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company's stock valued at $655,738,000 after buying an additional 425,868 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Transactions at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the transaction, the chief financial officer now directly owns 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.06% of the company's stock.

FOX Stock Up 1.0%

NASDAQ:FOX traded up $0.49 during trading hours on Friday, reaching $49.79. 667,978 shares of the stock were exchanged, compared to its average volume of 1,282,481. 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 twelve month low of $30.51 and a twelve month high of $55.00. The stock has a market cap of $22.39 billion, a PE ratio of 10.66, a PEG ratio of 1.55 and a beta of 0.56. The firm has a 50 day moving average of $47.90 and a 200 day moving average of $48.00.

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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. On average, equities analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

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.