QRG Capital Management Inc. raised its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,622 shares of the company's stock after purchasing an additional 27,557 shares during the period. QRG Capital Management Inc.'s holdings in FOX were worth $6,200,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOX. CIBC Private Wealth Group LLC raised its position in shares of FOX by 135.6% during the 4th 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 last quarter. Principal Securities Inc. increased its position in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after purchasing an additional 362 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of FOX by 82.7% during 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. Versant Capital Management Inc raised its position in FOX by 327.3% in the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock valued at $71,000 after purchasing an additional 1,031 shares during the period. Finally, Westpac Banking Corp raised its position in FOX by 84.0% in the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 26.41% of the company's stock.
FOX Trading Up 1.2%
Shares of NASDAQ FOX traded up $0.59 during mid-day trading on Thursday, reaching $50.22. 1,131,778 shares of the company's stock were exchanged, compared to its average volume of 1,311,833. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.09 and a beta of 0.56. Fox Corporation has a 52-week low of $31.17 and a 52-week high of $55.00. The company's 50-day moving average is $48.36 and its 200-day moving average is $48.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45.
FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly 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. FOX had a net margin of 11.58% and a return on equity of 17.99%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. Analysts expect that Fox Corporation will post 4.25 EPS for the current fiscal year.
Insider Activity at FOX
In related news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the sale, the chief financial officer now owns 133,923 shares of the company's stock, valued at $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.06% of the stock is currently owned by company insiders.
About FOX
(
Free Report)
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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