Fox Co. (NASDAQ:FOX) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Fox Co. (NASDAQ:FOX) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,851 shares of the company’s stock after selling 17,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FOX were worth $18,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in FOX during the second quarter valued at $65,709,000. Independent Franchise Partners LLP raised its position in shares of FOX by 14.5% during the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after purchasing an additional 636,247 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in FOX by 448.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock valued at $27,661,000 after buying an additional 582,900 shares in the last quarter. Regal Partners Ltd acquired a new stake in FOX in the 2nd quarter worth about $16,398,000. Finally, Bank of Montreal Can increased its stake in FOX by 232.1% during the 3rd quarter. Bank of Montreal Can now owns 449,296 shares of the company’s stock worth $17,451,000 after buying an additional 313,998 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insiders Place Their Bets

In related news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The disclosure for this sale can be found here. Insiders have sold 1,053,505 shares of company stock valued at $47,705,970 in the last ninety days. 23.06% of the stock is currently owned by corporate insiders.

FOX Stock Performance

FOX opened at $44.73 on Friday. Fox Co. has a twelve month low of $25.82 and a twelve month high of $44.89. The firm has a market capitalization of $20.43 billion, a PE ratio of 10.94, a PEG ratio of 1.70 and a beta of 0.81. 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 firm’s 50-day moving average price is $40.39 and its 200 day moving average price is $36.33.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FOX. Barclays upgraded FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

FOX Company 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.