23,400 Shares in Fox Co. (NASDAQ:FOX) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Fox Co. (NASDAQ:FOX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,400 shares of the company’s stock, valued at approximately $908,000.

A number of other institutional investors also recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in FOX in the first quarter worth $1,711,000. Swedbank AB increased its stake in FOX by 117.8% in the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock worth $4,666,000 after purchasing an additional 78,801 shares during the period. AMF Tjanstepension AB purchased a new stake in FOX in the second quarter worth $7,690,000. Bayesian Capital Management LP purchased a new stake in FOX in the first quarter worth $728,000. Finally, Summit Global Investments purchased a new stake in FOX in the third quarter worth $768,000. 26.41% of the stock is currently owned by institutional investors.

FOX Price Performance

Shares of FOX stock opened at $44.37 on Friday. Fox Co. has a 1-year low of $25.82 and a 1-year high of $44.56. The stock’s 50-day moving average is $39.70 and its 200 day moving average is $35.90. The company has a market cap of $20.27 billion, a P/E ratio of 10.85, a PEG ratio of 1.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

Insider Activity at FOX

In related news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th.

FOX 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.