ING Groep NV Raises Holdings in Fox Co. (NASDAQ:FOX)

ING Groep NV boosted its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 52.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 766,061 shares of the company's stock after acquiring an additional 264,801 shares during the quarter. ING Groep NV owned 0.16% of FOX worth $21,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in FOX by 51.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 481,198 shares of the company's stock worth $13,305,000 after buying an additional 163,458 shares during the period. GAMMA Investing LLC purchased a new stake in FOX in the 4th quarter worth approximately $54,000. Summit Global Investments lifted its holdings in FOX by 204.1% in the 4th quarter. Summit Global Investments now owns 105,922 shares of the company's stock worth $2,929,000 after buying an additional 71,095 shares during the period. UBS Group AG lifted its holdings in FOX by 87.1% in the 3rd quarter. UBS Group AG now owns 471,179 shares of the company's stock worth $13,608,000 after buying an additional 219,315 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in FOX by 286.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company's stock worth $32,000 after buying an additional 860 shares during the period. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FOX. Seaport Res Ptn raised FOX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 9th. TheStreet lowered FOX from a "b-" rating to a "c" rating in a research report on Wednesday, February 7th.

FOX Stock Up 0.9 %

Shares of NASDAQ:FOX traded up $0.26 during trading on Friday, hitting $30.53. The stock had a trading volume of 750,379 shares, compared to its average volume of 949,833. Fox Co. has a 12 month low of $25.82 and a 12 month high of $33.24. The company has a market capitalization of $14.25 billion, a PE ratio of 9.57 and a beta of 0.82. The firm's fifty day moving average is $28.69 and its 200 day moving average is $28.27. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the sale, the chairman now directly owns 1,408,862 shares of the company's stock, valued at $43,519,747.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 19.21% 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 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.

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