Barclays PLC Raises Holdings in Fox Co. (NASDAQ:FOX)

Barclays PLC lifted its holdings in Fox Co. (NASDAQ:FOX) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,789 shares of the company’s stock after purchasing an additional 18,802 shares during the quarter. Barclays PLC’s holdings in FOX were worth $20,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Swedbank AB lifted its position in FOX by 117.8% during the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after purchasing an additional 78,801 shares during the period. Blue Trust Inc. lifted its holdings in shares of FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after buying an additional 1,232 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of FOX by 1,033.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 61,414 shares of the company’s stock worth $1,966,000 after buying an additional 55,994 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of FOX by 1.1% in the second quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock worth $1,458,000 after acquiring an additional 500 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in FOX by 47.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock valued at $22,554,000 after acquiring an additional 227,194 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FOX. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

FOX Trading Down 0.5 %

NASDAQ:FOX opened at $44.72 on Friday. Fox Co. has a one year low of $25.82 and a one year high of $45.27. The business has a fifty day moving average price of $41.51 and a 200-day moving average price of $37.32. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,053,505 shares of company stock valued at $47,705,970. Company insiders own 23.06% of the company’s stock.

FOX Profile

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.