Fox Co. (NASDAQ:FOX) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co lessened its position in Fox Co. (NASDAQ:FOX) by 60.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,584 shares of the company’s stock after selling 7,148 shares during the period. Paloma Partners Management Co’s holdings in FOX were worth $178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Glenmede Trust Co. NA increased its holdings in FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Blue Trust Inc. grew its stake in shares of FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after buying an additional 1,232 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of FOX during the 2nd quarter valued at about $51,000. Intact Investment Management Inc. acquired a new position in FOX during the 3rd quarter worth approximately $74,000. Finally, Exchange Traded Concepts LLC purchased a new position in FOX in the 3rd quarter worth approximately $128,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the business’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 sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was 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. Insiders have sold 1,053,505 shares of company stock valued at $47,705,970 in the last quarter. Corporate insiders own 23.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FOX. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th.

FOX Stock Up 0.9 %

Shares of FOX stock opened at $44.64 on Friday. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.69 and a beta of 0.83. Fox Co. has a twelve month low of $25.82 and a twelve month high of $44.89. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $40.96 and its 200-day simple moving average is $36.85.

About FOX

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.