Fox Co. (NASDAQ:FOX) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lowered its stake in Fox Co. (NASDAQ:FOX) by 1.0% during the third quarter, HoldingsChannel reports. The firm owned 55,525 shares of the company’s stock after selling 588 shares during the quarter. FOX comprises approximately 1.2% of Aurora Investment Counsel’s portfolio, making the stock its 24th biggest holding. Aurora Investment Counsel’s holdings in FOX were worth $2,154,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in FOX in the 2nd quarter valued at $65,709,000. Independent Franchise Partners LLP raised its holdings in FOX by 14.5% during the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after purchasing an additional 636,247 shares in the last quarter. Regal Partners Ltd acquired a new stake in FOX in the second quarter valued at about $16,398,000. Dimensional Fund Advisors LP increased its position in FOX by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock worth $74,483,000 after purchasing an additional 272,743 shares during the period. Finally, Edgestream Partners L.P. lifted its holdings in shares of FOX by 867.4% in the 2nd quarter. Edgestream Partners L.P. now owns 304,088 shares of the company’s stock valued at $9,737,000 after buying an additional 272,656 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FOX has been the topic of several recent analyst reports. Barclays upgraded shares of FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

Insider Buying and Selling

In other news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Stock Performance

Shares of FOX opened at $43.37 on Thursday. The company has a 50-day moving average of $39.38 and a two-hundred day moving average of $35.70. The stock has a market cap of $19.81 billion, a P/E ratio of 10.60, a PEG ratio of 1.66 and a beta of 0.81. Fox Co. has a 12-month low of $25.82 and a 12-month high of $44.42. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58.

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.