Fox Corporation (NASDAQ:FOX) Short Interest Update

Fox Corporation (NASDAQ:FOX - Get Free Report) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 3,480,000 shares, a decrease of 24.8% from the May 15th total of 4,630,000 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 2.6 days.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer now owns 133,923 shares in the company, valued at $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.06% of the stock is owned by company insiders.

Institutional Trading of FOX

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of FOX by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock valued at $768,799,000 after acquiring an additional 249,246 shares during the period. Independent Franchise Partners LLP increased its stake in FOX by 15.4% in the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after purchasing an additional 759,874 shares in the last quarter. Geode Capital Management LLC increased its stake in FOX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company's stock valued at $147,122,000 after purchasing an additional 114,442 shares in the last quarter. Norges Bank acquired a new stake in FOX in the fourth quarter worth $138,822,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of FOX by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,268 shares of the company's stock worth $112,908,000 after purchasing an additional 131,018 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Stock Performance

Shares of NASDAQ:FOX opened at $49.63 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. FOX has a 1-year low of $31.03 and a 1-year high of $55.00. The stock has a market capitalization of $22.31 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.11 and a beta of 0.56. The business has a 50-day moving average price of $48.31 and a two-hundred day moving average price of $48.35.

FOX (NASDAQ:FOX - Get Free Report) last issued 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. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. Equities analysts predict that FOX will post 4.25 earnings per share for the current 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.

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