New York State Teachers Retirement System Purchases 5,317 Shares of Fox Corporation (NASDAQ:FOX)

New York State Teachers Retirement System grew its position in Fox Corporation (NASDAQ:FOX - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,877 shares of the company's stock after purchasing an additional 5,317 shares during the period. New York State Teachers Retirement System's holdings in FOX were worth $9,481,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FOX. Norges Bank acquired a new stake in shares of FOX in the fourth quarter valued at about $138,822,000. Contrarius Group Holdings Ltd acquired a new position in shares of FOX in the fourth quarter valued at approximately $57,766,000. Independent Franchise Partners LLP boosted its stake in shares of FOX by 15.4% in the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after buying an additional 759,874 shares during the period. Amundi boosted its stake in shares of FOX by 83.0% in the fourth quarter. Amundi now owns 1,549,002 shares of the company's stock valued at $72,199,000 after buying an additional 702,561 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of FOX by 7,082.8% in the first quarter. GAMMA Investing LLC now owns 472,914 shares of the company's stock valued at $24,927,000 after buying an additional 466,330 shares during the period. 26.41% of the stock is currently owned by institutional investors.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 23.06% of the stock is currently owned by corporate insiders.

FOX Price Performance

NASDAQ FOX traded up $0.04 on Tuesday, hitting $50.41. 228,352 shares of the company's stock were exchanged, compared to its average volume of 1,267,332. The stock has a 50-day moving average of $49.93 and a 200-day moving average of $49.00. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Corporation has a 52 week low of $32.06 and a 52 week high of $55.00. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.17 and a beta of 0.56.

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