Fox Co. (NASDAQ:FOX) Shares Sold by Pullen Investment Management LLC

Pullen Investment Management LLC cut its stake in Fox Co. (NASDAQ:FOX - Free Report) by 51.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,232 shares of the company's stock after selling 25,051 shares during the quarter. Pullen Investment Management LLC's holdings in FOX were worth $1,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock valued at $20,982,000 after purchasing an additional 18,802 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of FOX by 73.2% in the fourth quarter. Synergy Asset Management LLC now owns 61,166 shares of the company's stock worth $2,566,000 after buying an additional 25,846 shares in the last quarter. CMC Financial Group purchased a new position in shares of FOX in the fourth quarter worth about $243,000. Raymond James Financial Inc. acquired a new position in FOX during the fourth quarter worth about $1,295,000. Finally, Ensign Peak Advisors Inc boosted its position in FOX by 91.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 39,427 shares of the company's stock worth $1,803,000 after acquiring an additional 18,865 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Price Performance

FOX stock traded down $0.15 during mid-day trading on Friday, reaching $50.02. The company's stock had a trading volume of 440,125 shares, compared to its average volume of 1,235,274. 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 company's 50 day moving average is $48.01 and its two-hundred day moving average is $47.77. Fox Co. has a fifty-two week low of $30.51 and a fifty-two week high of $55.00. The stock has a market cap of $22.49 billion, a PE ratio of 10.71, a P/E/G ratio of 1.55 and a beta of 0.56.

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

FOX 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.