SG Americas Securities LLC Has $577,000 Stock Position in Fox Corporation (NASDAQ:FOX)

SG Americas Securities LLC trimmed its holdings in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 67.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,947 shares of the company's stock after selling 23,118 shares during the period. SG Americas Securities LLC's holdings in FOX were worth $577,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FOX. Norges Bank acquired a new stake in shares of FOX during the 4th quarter valued at $138,822,000. Contrarius Group Holdings Ltd acquired a new stake in FOX during the fourth quarter worth about $57,766,000. Independent Franchise Partners LLP lifted its stake in 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 purchasing an additional 759,874 shares during the period. Amundi lifted its stake in 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 purchasing an additional 702,561 shares during the period. Finally, GAMMA Investing LLC lifted its stake in FOX by 7,082.8% during the first quarter. GAMMA Investing LLC now owns 472,914 shares of the company's stock worth $24,927,000 after purchasing an additional 466,330 shares during the period. 26.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Steven Tomsic sold 5,607 shares of the business'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 owns 133,923 shares of the company's stock, valued at $7,415,316.51. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.06% of the company's stock.

FOX Price Performance

Shares of NASDAQ:FOX traded up $0.52 during trading on Friday, reaching $50.74. The stock had a trading volume of 4,696,168 shares, compared to its average volume of 1,433,376. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The stock has a market capitalization of $22.81 billion, a PE ratio of 12.62, a P/E/G ratio of 1.11 and a beta of 0.56. The business's 50-day moving average price is $48.55 and its 200 day moving average price is $48.51. 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 earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. FOX had a net margin of 11.58% and a return on equity of 17.99%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. As a group, equities analysts predict 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.