Forsta AP Fonden grew its stake in Fox Co. (NASDAQ:FOX – Free Report) by 16.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,400 shares of the company’s stock after purchasing an additional 24,800 shares during the period. Forsta AP Fonden’s holdings in FOX were worth $5,398,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. DnB Asset Management AS grew its position in FOX by 29.2% during the first quarter. DnB Asset Management AS now owns 43,096 shares of the company’s stock worth $1,349,000 after buying an additional 9,747 shares in the last quarter. Heartland Bank & Trust Co increased its position in shares of FOX by 144.4% during the first quarter. Heartland Bank & Trust Co now owns 20,143 shares of the company’s stock valued at $631,000 after purchasing an additional 11,901 shares during the period. F&V Capital Management LLC increased its position in shares of FOX by 1.7% during the first quarter. F&V Capital Management LLC now owns 271,760 shares of the company’s stock valued at $8,509,000 after purchasing an additional 4,570 shares during the period. Voya Investment Management LLC lifted its position in FOX by 71.6% in the fourth quarter. Voya Investment Management LLC now owns 86,177 shares of the company’s stock worth $2,452,000 after purchasing an additional 35,968 shares during the period. Finally, Point72 Middle East FZE acquired a new stake in FOX during the fourth quarter worth $1,350,000. Institutional investors own 24.93% of the company’s stock.
FOX Stock Up 0.2 %
NASDAQ FOX opened at $31.92 on Friday. Fox Co. has a 1-year low of $26.35 and a 1-year high of $34.42. The company has a current ratio of 1.75, a quick ratio of 1.64 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $30.28 and its two-hundred day moving average is $30.71. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 14.99 and a beta of 0.92.
Insider Transactions at FOX
In other news, insider Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $33.62, for a total value of $3,362,000.00. Following the completion of the transaction, the insider now owns 157,513 shares in the company, valued at $5,295,587.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.21% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, Rosenblatt Securities restated a “neutral” rating and issued a $35.00 price objective on shares of FOX in a research note on Wednesday, March 22nd.
FOX 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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.
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