143,516 Shares in Fox Co. (NASDAQ:FOX) Purchased by Sone Capital Management LLC

Sone Capital Management LLC purchased a new position in shares of Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 143,516 shares of the company's stock, valued at approximately $6,564,000.

A number of other hedge funds have also recently added to or reduced their stakes in FOX. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter worth $29,000. CIBC Private Wealth Group LLC lifted its holdings in FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares during the period. Principal Securities Inc. lifted its holdings in FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in FOX by 82.7% in the fourth 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. Finally, Westpac Banking Corp lifted its holdings 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 buying an additional 742 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Trading Down 0.7%

FOX stock traded down $0.34 during midday trading on Thursday, hitting $50.51. The stock had a trading volume of 1,371,994 shares, compared to its average volume of 1,256,830. The firm has a market cap of $22.71 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 1-year low of $30.28 and a 1-year high of $55.00. The business has a fifty day moving average price of $47.83 and a two-hundred day moving average price of $47.39.

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

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.06% of the company's stock.

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.