Seven Eight Capital LP Makes New Investment in Fox Co. (NASDAQ:FOX)

Seven Eight Capital LP purchased a new position in Fox Co. (NASDAQ:FOXFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,763 shares of the company’s stock, valued at approximately $685,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas Asset Management Holding S.A. grew its stake in shares of FOX by 54.2% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 463,151 shares of the company’s stock worth $12,806,000 after acquiring an additional 162,768 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of FOX by 51.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 481,198 shares of the company’s stock worth $13,305,000 after purchasing an additional 163,458 shares during the last quarter. Trexquant Investment LP lifted its position in shares of FOX by 232.5% during the 4th quarter. Trexquant Investment LP now owns 36,186 shares of the company’s stock worth $1,001,000 after purchasing an additional 25,304 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of FOX during the 4th quarter worth $54,000. Finally, Aigen Investment Management LP purchased a new stake in shares of FOX during the 4th quarter worth $766,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Tomsic sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The disclosure for this sale can be found here. 19.21% of the stock is owned by corporate insiders.

FOX Price Performance

FOX stock opened at $31.40 on Tuesday. The stock has a market cap of $14.66 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 8.10 and a beta of 0.83. The company has a fifty day simple moving average of $29.91 and a 200-day simple moving average of $28.62. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67.

FOX (NASDAQ:FOXGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share for the quarter. FOX had a net margin of 11.19% and a return on equity of 15.90%. The firm had revenue of $3.45 billion during the quarter. Equities analysts expect that Fox Co. will post 3.21 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Seaport Res Ptn raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

View Our Latest Stock Report on FOX

FOX Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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