Fox Co. (NASDAQ:FOX) Shares Bought by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 315.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 917,745 shares of the company's stock after purchasing an additional 696,610 shares during the period. National Bank of Canada FI owned 0.19% of FOX worth $25,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Mexico Educational Retirement Board boosted its stake in FOX by 6.0% in the third quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company's stock valued at $205,000 after acquiring an additional 400 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in FOX by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 88,783 shares of the company's stock valued at $2,564,000 after acquiring an additional 401 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in FOX by 1.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,908 shares of the company's stock valued at $777,000 after acquiring an additional 426 shares in the last quarter. CWM LLC boosted its stake in FOX by 27.9% in the fourth quarter. CWM LLC now owns 2,486 shares of the company's stock valued at $69,000 after acquiring an additional 543 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in FOX by 1.8% in the third quarter. PNC Financial Services Group Inc. now owns 30,570 shares of the company's stock valued at $883,000 after acquiring an additional 549 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of FOX from a "b-" rating to a "c" rating in a report on Wednesday, February 7th.

FOX Stock Performance

Shares of NASDAQ FOX traded down $0.17 during midday trading on Tuesday, reaching $29.85. The company had a trading volume of 1,093,760 shares, compared to its average volume of 1,263,027. The business's 50-day simple moving average is $28.03 and its 200 day simple moving average is $28.11. The stock has a market cap of $14.18 billion, a P/E ratio of 17.66 and a beta of 0.82. Fox Co. has a 1 year low of $25.82 and a 1 year high of $33.24. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.23. The business had revenue of $4.23 billion during the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same period in the prior year, the business posted $0.48 EPS.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.