Mutual of America Capital Management LLC Sells 395 Shares of Fox Co. (NASDAQ:FOX)

Mutual of America Capital Management LLC cut its holdings in Fox Co. (NASDAQ:FOX) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,243 shares of the company’s stock after selling 395 shares during the period. Mutual of America Capital Management LLC’s holdings in FOX were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of FOX in the first quarter valued at $1,711,000. Swedbank AB grew its holdings in FOX by 117.8% during the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after buying an additional 78,801 shares in the last quarter. AMF Tjanstepension AB bought a new stake in shares of FOX during the second quarter valued at about $7,690,000. Bayesian Capital Management LP purchased a new stake in shares of FOX in the first quarter worth about $728,000. Finally, Summit Global Investments purchased a new stake in shares of FOX in the third quarter worth about $768,000. 26.41% of the stock is owned by institutional investors.

FOX Price Performance

Shares of FOX stock opened at $43.81 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The business’s 50 day moving average price is $39.96 and its 200-day moving average price is $36.12. The firm has a market cap of $20.01 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.70 and a beta of 0.81. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $44.66.

Insiders Place Their Bets

In related news, COO John Nallen sold 182,481 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,053,505 shares of company stock valued at $47,705,970. Corporate insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FOX. 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 report on Wednesday, October 9th.

About FOX

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.