OMERS ADMINISTRATION Corp Buys Shares of 5,916 Fox Co. (NASDAQ:FOX)

OMERS ADMINISTRATION Corp purchased a new position in shares of Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,916 shares of the company's stock, valued at approximately $271,000.

Several other hedge funds also recently modified their holdings of the company. Ensign Peak Advisors Inc boosted its stake in shares of FOX by 91.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 39,427 shares of the company's stock worth $1,803,000 after purchasing an additional 18,865 shares during the last quarter. Ethic Inc. boosted its stake in shares of FOX by 122.5% during the 4th quarter. Ethic Inc. now owns 66,235 shares of the company's stock worth $3,030,000 after purchasing an additional 36,470 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of FOX by 15.8% during the 4th quarter. Deutsche Bank AG now owns 905,031 shares of the company's stock worth $41,396,000 after purchasing an additional 123,542 shares during the last quarter. Crestline Management LP acquired a new stake in shares of FOX in the fourth quarter worth approximately $498,000. Finally, BNP Paribas Financial Markets grew its holdings in FOX by 42.4% in the fourth quarter. BNP Paribas Financial Markets now owns 535,960 shares of the company's stock valued at $24,515,000 after purchasing an additional 159,657 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Price Performance

Shares of FOX stock opened at $51.67 on Tuesday. The business's fifty day moving average price is $47.68 and its 200 day moving average price is $47.33. Fox Co. has a twelve month low of $30.10 and a twelve month high of $55.00. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $23.23 billion, a P/E ratio of 11.06, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. As a group, research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson downgraded shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

About FOX

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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