Fox Co. (NASDAQ:FOX) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Fox Co. (NASDAQ:FOX) by 78.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,529 shares of the company’s stock after acquiring an additional 8,143 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in FOX were worth $719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FOX. Blue Trust Inc. raised its position in shares of FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after acquiring an additional 1,232 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of FOX during the second quarter worth $51,000. Intact Investment Management Inc. bought a new position in shares of FOX in the 3rd quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in shares of FOX by 267.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock valued at $113,000 after buying an additional 2,569 shares during the period. Finally, Covestor Ltd grew its position in shares of FOX by 280.5% during the 1st quarter. Covestor Ltd now owns 3,995 shares of the company’s stock valued at $114,000 after buying an additional 2,945 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Trading Down 0.4 %

FOX stock opened at $43.46 on Thursday. The firm has a 50-day moving average price of $38.65 and a two-hundred day moving average price of $35.15. Fox Co. has a 52-week low of $25.82 and a 52-week high of $43.67. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.67 and a beta of 0.81. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FOX. Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

Insider Transactions at FOX

In other news, 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 transaction of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the business’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 transaction 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 $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

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.