Fox Co. (NASDAQ:FOX) Stock Position Trimmed by Bank of Nova Scotia

Bank of Nova Scotia decreased its stake in shares of Fox Co. (NASDAQ:FOXGet Rating) by 71.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,197 shares of the company’s stock after selling 577,053 shares during the period. Bank of Nova Scotia’s holdings in FOX were worth $6,927,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Kentucky Retirement Systems increased its stake in FOX by 15.5% during the 2nd quarter. Kentucky Retirement Systems now owns 10,731 shares of the company’s stock valued at $319,000 after buying an additional 1,439 shares during the period. ING Groep NV grew its stake in shares of FOX by 17.6% in the 2nd quarter. ING Groep NV now owns 27,208 shares of the company’s stock worth $808,000 after purchasing an additional 4,078 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of FOX by 98.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,847 shares of the company’s stock worth $114,000 after purchasing an additional 1,910 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of FOX by 0.6% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 104,219 shares of the company’s stock worth $3,095,000 after purchasing an additional 585 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of FOX by 48.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 90,680 shares of the company’s stock worth $2,693,000 after purchasing an additional 29,537 shares during the last quarter. Institutional investors and hedge funds own 23.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group lowered their price objective on shares of FOX from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th.

FOX Stock Performance

Shares of FOX opened at $28.79 on Tuesday. The firm’s 50 day moving average is $29.01 and its 200-day moving average is $30.58. The stock has a market capitalization of $15.62 billion, a P/E ratio of 14.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.60 and a quick ratio of 3.16. Fox Co. has a 12-month low of $26.35 and a 12-month high of $40.91.

FOX Company Profile

(Get Rating)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

See Also

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Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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