Fox Co. (NASDAQ:FOX) Shares Sold by DRW Securities LLC

DRW Securities LLC reduced its position in Fox Co. (NASDAQ:FOX) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,773 shares of the company’s stock after selling 1,552 shares during the quarter. DRW Securities LLC’s holdings in FOX were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FOX. Price T Rowe Associates Inc. MD boosted its stake in FOX by 0.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 176,053 shares of the company’s stock worth $5,040,000 after purchasing an additional 1,118 shares during the period. iA Global Asset Management Inc. boosted its stake in shares of FOX by 9.5% during the first quarter. iA Global Asset Management Inc. now owns 8,386 shares of the company’s stock worth $240,000 after buying an additional 731 shares during the period. Virtu Financial LLC purchased a new position in shares of FOX during the first quarter worth about $1,711,000. Swedbank AB acquired a new position in FOX in the 1st quarter valued at about $1,915,000. Finally, Verity Asset Management Inc. purchased a new stake in FOX during the 1st quarter valued at approximately $206,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,053,505 shares of company stock valued at $47,705,970 in the last three months. 23.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

FOX Price Performance

Shares of FOX opened at $44.36 on Thursday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $40.10 and its two-hundred day moving average is $36.18. Fox Co. has a twelve month low of $25.82 and a twelve month high of $44.66. The firm has a market capitalization of $20.26 billion, a PE ratio of 10.85, a P/E/G ratio of 1.68 and a beta of 0.81.

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.