New York State Teachers Retirement System Grows Stock Position in Fox Corporation (NASDAQ:FOX)

New York State Teachers Retirement System grew its position in Fox Corporation (NASDAQ:FOX - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,877 shares of the company's stock after buying an additional 5,317 shares during the quarter. New York State Teachers Retirement System's holdings in FOX were worth $9,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC grew its position in 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 acquiring an additional 522 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after purchasing an additional 608 shares in the last quarter. Versant Capital Management Inc increased its stake in FOX by 327.3% during the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after buying an additional 1,031 shares during the period. Westpac Banking Corp lifted its holdings in FOX by 84.0% during the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after buying an additional 742 shares in the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in FOX during the 4th quarter worth approximately $89,000. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Up 2.0%

Shares of FOX stock traded up $1.00 during trading hours on Friday, reaching $51.77. 1,041,473 shares of the company were exchanged, compared to its average volume of 1,172,389. The firm has a market cap of $23.28 billion, a PE ratio of 12.88, a PEG ratio of 1.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. Fox Corporation has a 1 year low of $32.02 and a 1 year high of $55.00. The stock's fifty day moving average is $49.84 and its 200 day moving average is $48.94.

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

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the 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 sale, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 23.06% of the stock is owned by corporate insiders.

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.