Nordea Investment Management AB Has $477,000 Position in Fox Co. (NASDAQ:FOX)

Nordea Investment Management AB cut its holdings in shares of Fox Co. (NASDAQ:FOX) by 17.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,324 shares of the company’s stock after selling 2,179 shares during the quarter. Nordea Investment Management AB’s holdings in FOX were worth $477,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA increased its holdings in shares of FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of FOX during the 3rd quarter worth approximately $74,000. Exchange Traded Concepts LLC bought a new stake in FOX in the 3rd quarter valued at $128,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in FOX in the 2nd quarter valued at $136,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in FOX by 1,269.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock valued at $138,000 after purchasing an additional 3,300 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Performance

FOX opened at $45.86 on Monday. The business has a fifty day simple moving average of $44.65 and a 200 day simple moving average of $39.44. The company has a market capitalization of $20.95 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.61 and a beta of 0.81. Fox Co. has a 1 year low of $25.82 and a 1 year high of $47.80. 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 other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % 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 worth $47,705,970 in the last ninety days. 23.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th.

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.