National Bank of Canada FI Raises Stock Position in Fox Co. (NASDAQ:FOX)

National Bank of Canada FI increased its holdings in shares of Fox Co. (NASDAQ:FOX) by 212.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,437,637 shares of the company’s stock after purchasing an additional 977,907 shares during the period. National Bank of Canada FI owned approximately 0.31% of FOX worth $55,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FOX. Glenmede Trust Co. NA increased its holdings in FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after buying an additional 449 shares in the last quarter. Blue Trust Inc. increased its holdings in FOX by 692.1% in the second 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 in the last quarter. Friedenthal Financial purchased a new position in FOX in the second quarter valued at $51,000. Intact Investment Management Inc. purchased a new position in FOX in the third quarter valued at $74,000. Finally, Exchange Traded Concepts LLC purchased a new position in FOX in the third quarter valued at $128,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FOX. Barclays raised shares of FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,053,505 shares of company stock valued at $47,705,970 over the last 90 days. Corporate insiders own 23.06% of the company’s stock.

FOX Stock Up 0.9 %

FOX stock opened at $44.64 on Friday. The stock has a market capitalization of $20.39 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.69 and a beta of 0.83. The firm has a 50-day simple moving average of $40.96 and a 200-day simple moving average of $36.85. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.89.

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.