Avanza Fonder AB Takes Position in Fox Co. (NASDAQ:FOX)

Avanza Fonder AB bought a new position in Fox Co. (NASDAQ:FOX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,898 shares of the company’s stock, valued at approximately $407,000.

Several other hedge funds have also made changes to their positions in FOX. Assenagon Asset Management S.A. raised its holdings in FOX by 58.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock valued at $135,890,000 after buying an additional 1,095,073 shares during the period. National Bank of Canada FI increased its position in shares of FOX by 212.7% during the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock valued at $55,780,000 after acquiring an additional 977,907 shares during the last quarter. State Street Corp raised its stake in shares of FOX by 7.5% in the 3rd quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after acquiring an additional 671,511 shares during the period. Independent Franchise Partners LLP lifted its holdings in shares of FOX by 14.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after acquiring an additional 636,247 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of FOX by 448.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock worth $27,661,000 after purchasing an additional 582,900 shares during the period. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Stock Performance

NASDAQ FOX opened at $45.66 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company has a market cap of $20.85 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.66 and a beta of 0.81. The stock has a 50-day moving average of $45.13 and a two-hundred day moving average of $39.93. Fox Co. has a 1-year low of $25.82 and a 1-year high of $47.80.

Insider Activity at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the stock in a transaction dated 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 of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s 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 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. 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.

Analyst Upgrades and Downgrades

Separately, Barclays raised FOX to a “hold” rating in a research report 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.