Handelsbanken Fonder AB Acquires 43,816 Shares of Fox Corporation (NASDAQ:FOX)

Handelsbanken Fonder AB raised its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 187.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,200 shares of the company's stock after acquiring an additional 43,816 shares during the quarter. Handelsbanken Fonder AB's holdings in FOX were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its stake in FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock valued at $874,000 after buying an additional 212 shares in the last quarter. CMC Financial Group lifted its stake in FOX by 5.9% during the first quarter. CMC Financial Group now owns 5,618 shares of the company's stock valued at $296,000 after buying an additional 311 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock valued at $311,000 after buying an additional 350 shares in the last quarter. Principal Securities Inc. lifted its stake in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Trading Down 2.3%

FOX stock traded down $1.15 during mid-day trading on Tuesday, reaching $49.63. 1,185,403 shares of the stock traded hands, compared to its average volume of 1,298,876. 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 $31.03 and a 52-week high of $55.00. The company has a market cap of $22.31 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.11 and a beta of 0.56. The stock's fifty day moving average is $48.31 and its 200-day moving average is $48.35.

FOX (NASDAQ:FOX - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that Fox Corporation will post 4.25 earnings per share for the current year.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 133,923 shares of the company's stock, valued at $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is owned by insiders.

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.