Mirabella Financial Services LLP Grows Stock Position in Fox Co. (NASDAQ:FOX)

Mirabella Financial Services LLP grew its position in Fox Co. (NASDAQ:FOX) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,233,401 shares of the company’s stock after acquiring an additional 64,062 shares during the quarter. FOX makes up approximately 3.1% of Mirabella Financial Services LLP’s holdings, making the stock its 6th largest position. Mirabella Financial Services LLP’s holdings in FOX were worth $47,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FOX. Virtu Financial LLC acquired a new position in FOX in the first quarter worth $1,711,000. Swedbank AB boosted its holdings in shares of FOX by 117.8% in the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after buying an additional 78,801 shares during the period. AMF Tjanstepension AB bought a new stake in shares of FOX during the 2nd quarter valued at about $7,690,000. Bayesian Capital Management LP acquired a new stake in FOX during the first quarter worth about $728,000. Finally, Summit Global Investments bought a new position in FOX in the third quarter worth about $768,000. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Trading Up 0.6 %

FOX stock opened at $44.37 on Monday. Fox Co. has a 52-week low of $25.82 and a 52-week high of $44.56. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $20.27 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.70 and a beta of 0.81. The firm has a 50-day moving average price of $39.70 and a two-hundred day moving average price of $35.94.

Insider Activity

In other FOX news, COO John Nallen sold 182,481 shares of the company’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 completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

Analyst Upgrades and Downgrades

FOX has been the subject of several recent research reports. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

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.