Janus Henderson Group PLC Reduces Stock Position in Fox Co. (NASDAQ:FOX)

Janus Henderson Group PLC trimmed its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,536,614 shares of the company's stock after selling 179,551 shares during the period. Janus Henderson Group PLC owned approximately 0.34% of FOX worth $70,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Ensign Peak Advisors Inc boosted its stake in FOX by 91.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 39,427 shares of the company's stock valued at $1,803,000 after purchasing an additional 18,865 shares during the period. Ethic Inc. raised its holdings in shares of FOX by 122.5% in the 4th quarter. Ethic Inc. now owns 66,235 shares of the company's stock worth $3,030,000 after buying an additional 36,470 shares in the last quarter. Deutsche Bank AG increased its holdings in FOX by 15.8% during the 4th quarter. Deutsche Bank AG now owns 905,031 shares of the company's stock valued at $41,396,000 after purchasing an additional 123,542 shares in the last quarter. Crestline Management LP acquired a new stake in FOX during the 4th quarter valued at $498,000. Finally, BNP Paribas Financial Markets boosted its position in FOX by 42.4% in the 4th quarter. BNP Paribas Financial Markets now owns 535,960 shares of the company's stock valued at $24,515,000 after buying an additional 159,657 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.06% of the company's stock.

FOX Price Performance

NASDAQ:FOX traded up $0.54 during trading hours on Friday, reaching $51.85. 1,312,133 shares of the company were exchanged, compared to its average volume of 1,262,363. The business has a 50 day moving average of $47.61 and a 200 day moving average of $47.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 1-year low of $30.10 and a 1-year high of $55.00. The company has a market capitalization of $23.31 billion, a P/E ratio of 11.10, 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 data 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 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 the consensus estimate of $4.19 billion. Research analysts forecast that Fox Co. will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.