Retirement Systems of Alabama Has $804,000 Stock Position in Fox Co. (NASDAQ:FOX)

Retirement Systems of Alabama lowered its stake in shares of Fox Co. (NASDAQ:FOX) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,076 shares of the company’s stock after selling 754 shares during the period. Retirement Systems of Alabama’s holdings in FOX were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. bought a new stake in shares of FOX during the third quarter worth about $10,366,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in FOX by 377.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 359,678 shares of the company’s stock worth $9,945,000 after purchasing an additional 284,353 shares in the last quarter. Nomura Holdings Inc. grew its position in FOX by 4.9% in the 3rd quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company’s stock worth $169,901,000 after purchasing an additional 274,982 shares in the last quarter. UBS Group AG grew its position in FOX by 87.1% in the 3rd quarter. UBS Group AG now owns 471,179 shares of the company’s stock worth $13,608,000 after purchasing an additional 219,315 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in FOX by 208.7% in the 3rd quarter. Bank of Nova Scotia now owns 253,398 shares of the company’s stock worth $7,318,000 after purchasing an additional 171,320 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Up 2.5 %

Shares of FOX stock opened at $30.59 on Thursday. Fox Co. has a 52-week low of $25.82 and a 52-week high of $33.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The company has a 50-day simple moving average of $28.11 and a two-hundred day simple moving average of $28.13. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 18.10 and a beta of 0.82.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.23. The business had revenue of $4.23 billion during the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same period in the previous year, the company posted $0.48 earnings per share.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th.

About FOX

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 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.