Redwood Investment Management LLC Sells 121,528 Shares of Fox Co. (NASDAQ:FOX)

Redwood Investment Management LLC lessened its stake in Fox Co. (NASDAQ:FOX - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,448 shares of the company's stock after selling 121,528 shares during the quarter. Redwood Investment Management LLC's holdings in FOX were worth $386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter worth $29,000. 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 buying an additional 522 shares in the last quarter. Principal Securities Inc. grew 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 last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after purchasing an additional 608 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after purchasing an additional 742 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.06% of the company's stock.

FOX Stock Up 0.9%

NASDAQ FOX traded up $0.49 on Tuesday, reaching $52.16. The company had a trading volume of 750,759 shares, compared to its average volume of 1,254,867. The stock has a market capitalization of $23.45 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.55 and a beta of 0.56. The company's fifty day moving average is $47.68 and its 200 day moving average is $47.33. Fox Co. has a 52-week low of $30.10 and a 52-week high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

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

Analysts Set New Price Targets

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

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.