Nisa Investment Advisors LLC reduced its position in Fox Co. (NASDAQ:FOX – Free Report) by 57.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,774 shares of the company’s stock after selling 45,361 shares during the period. Nisa Investment Advisors LLC’s holdings in FOX were worth $1,057,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of FOX by 3.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,783 shares of the company’s stock valued at $338,000 after purchasing an additional 370 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of FOX in the 1st quarter valued at approximately $1,195,000. Texas Permanent School Fund Corp raised its position in shares of FOX by 45.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,736 shares of the company’s stock valued at $900,000 after purchasing an additional 8,940 shares during the last quarter. Desjardins Global Asset Management Inc. purchased a new position in shares of FOX in the 1st quarter valued at approximately $59,000. Finally, CWM LLC raised its position in shares of FOX by 52.6% in the 1st quarter. CWM LLC now owns 1,250 shares of the company’s stock valued at $39,000 after purchasing an additional 431 shares during the last quarter. 24.93% of the stock is currently owned by institutional investors.
Insider Transactions at FOX
In other news, insider Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $33.62, for a total transaction of $3,362,000.00. Following the sale, the insider now owns 157,513 shares of the company’s stock, valued at approximately $5,295,587.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 19.21% of the company’s stock.
FOX Stock Performance
FOX (NASDAQ:FOX – Get Free Report) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.45. FOX had a net margin of 7.84% and a return on equity of 16.36%. The company had revenue of $4.08 billion during the quarter. During the same period in the prior year, the business posted $0.54 earnings per share.
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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.
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