Nisa Investment Advisors LLC Purchases 7,875 Shares of Fox Corporation (NASDAQ:FOX)

Nisa Investment Advisors LLC lifted its stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,973 shares of the company's stock after purchasing an additional 7,875 shares during the quarter. Nisa Investment Advisors LLC's holdings in FOX were worth $2,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in FOX by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,037 shares of the company's stock valued at $1,740,000 after purchasing an additional 3,107 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in FOX during the 4th quarter valued at about $2,176,000. Raymond James Financial Inc. purchased a new stake in FOX during the 4th quarter valued at about $1,295,000. PNC Financial Services Group Inc. lifted its holdings in FOX by 3.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,632 shares of the company's stock worth $1,584,000 after buying an additional 1,007 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in FOX by 9.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,021 shares of the company's stock worth $1,007,000 after buying an additional 1,896 shares during the period. 26.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.06% of the stock is owned by insiders.

FOX Trading Down 2.5%

NASDAQ FOX traded down $1.31 on Friday, hitting $50.59. The company's stock had a trading volume of 916,863 shares, compared to its average volume of 1,036,510. Fox Corporation has a 52-week low of $33.29 and a 52-week high of $55.00. The firm has a market cap of $22.75 billion, a P/E ratio of 12.58, a PEG ratio of 1.14 and a beta of 0.56. The company's 50-day simple moving average is $50.31 and its 200 day simple moving average is $49.10. 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 (NASDAQ:FOX - Get Free Report) last announced its earnings results 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 return on equity of 17.99% and a net margin of 11.58%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. Research analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal 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.