Exchange Traded Concepts LLC cut its holdings in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 96.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,097 shares of the company's stock after selling 54,653 shares during the period. Exchange Traded Concepts LLC's holdings in FOX were worth $111,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in FOX in the 4th quarter worth approximately $138,822,000. Contrarius Group Holdings Ltd acquired a new stake in FOX in the 4th quarter valued at approximately $57,766,000. Independent Franchise Partners LLP increased its holdings in FOX by 15.4% in the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after purchasing an additional 759,874 shares during the last quarter. Amundi increased its holdings in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company's stock valued at $72,199,000 after purchasing an additional 702,561 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 worth $24,927,000 after acquiring an additional 466,330 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.
FOX Stock Performance
NASDAQ:FOX opened at $51.31 on Wednesday. The company has a fifty day simple moving average of $48.75 and a two-hundred day simple moving average of $48.58. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. Fox Corporation has a 52 week low of $31.55 and a 52 week high of $55.00.
FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data 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. FOX had a net margin of 11.58% and a return on equity of 17.99%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. As a group, equities analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the transaction, the chief financial officer now directly owns 133,923 shares in the company, valued at $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 23.06% of the company's stock.
FOX Profile
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Free Report)
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.
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