Parkwood LLC Buys 19,166 Shares of Fox Co. (NASDAQ:FOX)

Parkwood LLC raised its stake in Fox Co. (NASDAQ:FOX - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,410 shares of the company's stock after acquiring an additional 19,166 shares during the quarter. Parkwood LLC's holdings in FOX were worth $8,389,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Yousif Capital Management LLC increased its holdings in shares of FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after purchasing an additional 212 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after purchasing an additional 350 shares during the period. Principal Securities Inc. increased its holdings in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after purchasing an additional 362 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after purchasing an additional 522 shares during the period. Finally, Arizona State Retirement System increased its holdings in shares of FOX by 1.4% during the fourth quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock worth $1,878,000 after purchasing an additional 557 shares during the period. 26.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's 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 sale, the chairman now 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 filing with the SEC, which can be accessed through the SEC website. 23.06% of the stock is currently owned by insiders.

FOX Price Performance

NASDAQ:FOX traded up $0.54 during mid-day trading on Friday, reaching $51.85. The stock had a trading volume of 1,312,133 shares, compared to its average volume of 1,262,363. The stock has a 50-day simple moving average of $47.61 and a two-hundred day simple moving average of $47.12. The stock has a market capitalization of $23.51 billion, a PE ratio of 11.10, a P/E/G ratio of 1.55 and a beta of 0.56. 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 12 month low of $30.10 and a 12 month high of $55.00.

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

FOX Company 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.