Harvest Fund Management Co. Ltd Has $2.16 Million Holdings in Fox Corporation (NASDAQ:FOX)

Harvest Fund Management Co. Ltd trimmed its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 30.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,972 shares of the company's stock after selling 17,992 shares during the period. Harvest Fund Management Co. Ltd's holdings in FOX were worth $2,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after buying an additional 231 shares in the last quarter. IFP Advisors Inc increased its position in shares of FOX by 457.6% during the first quarter. IFP Advisors Inc now owns 697 shares of the company's stock valued at $37,000 after purchasing an additional 572 shares during the period. CIBC Private Wealth Group LLC lifted its position in FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after purchasing an additional 522 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after buying an additional 608 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 1,031 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Price Performance

FOX traded down $0.34 during midday trading on Wednesday, reaching $50.97. 1,175,270 shares of the company's stock were exchanged, compared to its average volume of 858,330. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $49.52. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.56. Fox Corporation has a one year low of $33.72 and a one year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 17.99% and a net margin of 11.58%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.19 billion. As a group, research analysts predict that Fox Corporation will post 4.25 EPS for the current year.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction on 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 owned 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 transaction 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 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.