Fox Co. (NASDAQ:FOX) Shares Acquired by Regal Partners Ltd

Regal Partners Ltd lifted its position in Fox Co. (NASDAQ:FOX) by 30.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 667,049 shares of the company’s stock after acquiring an additional 154,924 shares during the period. FOX accounts for 2.3% of Regal Partners Ltd’s investment portfolio, making the stock its 13th biggest holding. Regal Partners Ltd’s holdings in FOX were worth $25,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOX. Victory Capital Management Inc. increased its holdings in FOX by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock worth $1,810,000 after buying an additional 300 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of FOX by 6.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 385,822 shares of the company’s stock worth $14,970,000 after acquiring an additional 24,909 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of FOX by 78.4% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 18,529 shares of the company’s stock worth $719,000 after purchasing an additional 8,143 shares during the last quarter. Summit Global Investments acquired a new position in FOX during the third quarter valued at $768,000. Finally, Intact Investment Management Inc. acquired a new position in FOX during the third quarter valued at $74,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FOX shares. Barclays upgraded FOX to a “hold” rating in a research note 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.

FOX Trading Down 0.4 %

FOX stock opened at $43.46 on Thursday. The firm has a market cap of $20.00 billion, a P/E ratio of 10.62, a PEG ratio of 1.67 and a beta of 0.81. Fox Co. has a 52-week low of $25.82 and a 52-week high of $43.67. 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 company’s 50-day simple moving average is $38.65 and its 200-day simple moving average is $35.15.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’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 sale, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO John Nallen sold 182,481 shares of FOX 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 of the company’s stock, valued at $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the 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 directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

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.