Fox Corporation $FOX Shares Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in Fox Corporation by 31.5%, owning 204,775 shares valued at approximately $10.79 million.
• Other institutional investors also showed strong interest, with notable increases from National Bank of Canada FI and GAMMA Investing LLC, indicating a growing institutional confidence in FOX.
• Fox recently reported earnings of $1.27 per share, exceeding analysts' expectations, along with a declared dividend of $0.28 to be paid on September 24th.

Landscape Capital Management L.L.C. boosted its stake in Fox Corporation (NASDAQ:FOX - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,775 shares of the company's stock after purchasing an additional 49,078 shares during the period. FOX comprises about 1.0% of Landscape Capital Management L.L.C.'s holdings, making the stock its 7th largest holding. Landscape Capital Management L.L.C.'s holdings in FOX were worth $10,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Beck Bode LLC bought a new position in FOX in the 1st quarter valued at approximately $1,773,000. Ieq Capital LLC increased its position in FOX by 13.8% in the 1st quarter. Ieq Capital LLC now owns 5,253 shares of the company's stock valued at $277,000 after acquiring an additional 639 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in FOX by 4.9% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 236,011 shares of the company's stock valued at $12,440,000 after acquiring an additional 10,950 shares during the period. Gamco Investors INC. ET AL increased its position in FOX by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 622,583 shares of the company's stock valued at $32,816,000 after acquiring an additional 15,101 shares during the period. Finally, SVB Wealth LLC acquired a new position in FOX in the 1st quarter valued at approximately $69,000. Institutional investors own 26.41% of the company's stock.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.06% of the company's stock.

FOX Trading Up 0.5%

NASDAQ FOX traded up $0.25 on Friday, hitting $54.55. The company's stock had a trading volume of 1,003,568 shares, compared to its average volume of 1,198,140. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Fox Corporation has a 1-year low of $35.89 and a 1-year high of $55.15. The company's 50-day moving average is $51.88 and its 200 day moving average is $50.21. The firm has a market cap of $24.30 billion, a PE ratio of 11.11, a PEG ratio of 1.34 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.24. FOX had a net margin of 13.88% and a return on equity of 18.86%. The firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.12 billion. As a group, analysts predict that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio is 11.41%.

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.