Jane Street Group LLC Makes New Investment in Fox Co. (NASDAQ:FOX)

Jane Street Group LLC purchased a new position in shares of Fox Co. (NASDAQ:FOX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,457 shares of the company’s stock, valued at approximately $844,000.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of FOX in the fourth quarter valued at approximately $138,822,000. Contrarius Group Holdings Ltd acquired a new position in FOX during the fourth quarter worth $57,766,000. Independent Franchise Partners LLP boosted its stake in FOX by 15.4% during the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company’s stock worth $261,010,000 after buying an additional 759,874 shares during the last quarter. Amundi grew its holdings in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company’s stock valued at $72,199,000 after buying an additional 702,561 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of FOX by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company’s stock worth $655,738,000 after acquiring an additional 425,868 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Stock Down 0.2%

NASDAQ FOX opened at $50.43 on Friday. The business’s fifty day simple moving average is $47.90 and its 200-day simple moving average is $47.53. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market cap of $22.67 billion, a PE ratio of 10.80, a P/E/G ratio of 1.55 and a beta of 0.56. Fox Co. has a 52 week low of $30.51 and a 52 week high of $55.00.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. As a group, equities analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

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.