Tokio Marine Asset Management Co. Ltd. Invests $238,000 in Fox Co. (NASDAQ:FOX)

Tokio Marine Asset Management Co. Ltd. purchased a new position in Fox Co. (NASDAQ:FOX) in the third quarter, HoldingsChannel reports. The institutional investor purchased 6,142 shares of the company’s stock, valued at approximately $238,000.

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

FOX Stock Performance

NASDAQ:FOX opened at $42.87 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $44.42. The firm has a market cap of $19.73 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.81. The business has a 50 day moving average price of $39.00 and a 200-day moving average price of $35.37.

Insider Activity at FOX

In other news, 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 transaction, the chief operating officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s 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 completion of the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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