GAMMA Investing LLC Raises Stock Position in Fox Co. (NASDAQ:FOX)

GAMMA Investing LLC grew its holdings in Fox Co. (NASDAQ:FOX) by 41.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,584 shares of the company’s stock after acquiring an additional 1,939 shares during the period. GAMMA Investing LLC’s holdings in FOX were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FOX. Principal Financial Group Inc. grew its holdings in FOX by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 178,328 shares of the company’s stock valued at $5,710,000 after buying an additional 16,084 shares in the last quarter. TD Asset Management Inc grew its stake in FOX by 9.7% during the second quarter. TD Asset Management Inc now owns 279,850 shares of the company’s stock valued at $8,961,000 after acquiring an additional 24,752 shares in the last quarter. Acadian Asset Management LLC increased its holdings in FOX by 1,179.8% in the 2nd quarter. Acadian Asset Management LLC now owns 5,644 shares of the company’s stock valued at $180,000 after acquiring an additional 5,203 shares during the last quarter. Choreo LLC purchased a new stake in FOX in the 2nd quarter worth $343,000. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of FOX by 0.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock valued at $1,667,000 after purchasing an additional 367 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FOX has been the topic of a number of research analyst reports. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th.

Insider Buying and Selling

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

FOX Stock Performance

FOX stock opened at $47.07 on Tuesday. The company’s 50-day moving average price is $43.87 and its 200-day moving average price is $38.93. 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 market cap of $21.50 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.61 and a beta of 0.83. Fox Co. has a twelve month low of $25.82 and a twelve month high of $47.80.

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.