Dynamic Technology Lab Private Ltd Invests $301,000 in Fox Co. (NASDAQ:FOX)

Dynamic Technology Lab Private Ltd bought a new stake in Fox Co. (NASDAQ:FOX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,765 shares of the company’s stock, valued at approximately $301,000.

A number of other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in FOX by 0.6% in the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after purchasing an additional 300 shares during the period. Royal London Asset Management Ltd. increased its position in FOX by 0.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock valued at $1,667,000 after acquiring an additional 367 shares during the period. MBB Public Markets I LLC raised its stake in FOX by 4.4% during the 2nd quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock valued at $337,000 after acquiring an additional 440 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in FOX by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after acquiring an additional 457 shares during the period. Finally, State of Michigan Retirement System grew its stake in shares of FOX by 1.1% in the 2nd quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock valued at $1,458,000 after purchasing an additional 500 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on 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 transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,053,505 shares of company stock valued at $47,705,970 in the last three months. 23.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FOX has been the subject of several analyst reports. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays upgraded shares of FOX to a “hold” rating in a research report on Wednesday, October 9th.

FOX Price Performance

Shares of NASDAQ:FOX opened at $44.73 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $40.39 and a 200 day moving average price of $36.41. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.89. The company has a market cap of $20.43 billion, a P/E ratio of 10.94, a PEG ratio of 1.71 and a beta of 0.81.

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.