Sherbrooke Park Advisers LLC Sells 19,224 Shares of Fox Co. (NASDAQ:FOX)

Sherbrooke Park Advisers LLC cut its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 63.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,207 shares of the company's stock after selling 19,224 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in FOX were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FOX. Barclays PLC grew its holdings in FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after acquiring an additional 18,802 shares during the period. Franklin Resources Inc. boosted its position in shares of FOX by 457.5% during the 3rd quarter. Franklin Resources Inc. now owns 44,332 shares of the company's stock valued at $1,694,000 after purchasing an additional 36,380 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of FOX during the 4th quarter valued at about $407,000. Wedge Capital Management L L P NC acquired a new stake in FOX during the fourth quarter worth approximately $48,606,000. Finally, SG Americas Securities LLC increased its holdings in FOX by 312.3% in the fourth quarter. SG Americas Securities LLC now owns 34,065 shares of the company's stock worth $1,558,000 after purchasing an additional 25,802 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on 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 sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

FOX Stock Down 2.5%

FOX stock traded down $1.31 during midday trading on Wednesday, reaching $50.85. 1,328,564 shares of the company's stock traded hands, compared to its average volume of 1,255,634. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm's fifty day moving average price is $47.78 and its 200-day moving average price is $47.36. Fox Co. has a 52 week low of $30.10 and a 52 week high of $55.00. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX - Get Free Report) last issued 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. The firm 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, sell-side analysts forecast that Fox Co. will post 4.25 earnings per share for the current fiscal year.

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.