Fox Corporation (NASDAQ:FOX) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in Fox Corporation (NASDAQ:FOX) by 96.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,097 shares of the company’s stock after selling 54,653 shares during the quarter. Exchange Traded Concepts LLC’s holdings in FOX were worth $111,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FOX. CIBC Private Wealth Group LLC lifted its stake in shares of FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after buying an additional 522 shares during the period. Principal Securities Inc. lifted its stake in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock valued at $61,000 after buying an additional 608 shares during the period. Versant Capital Management Inc lifted its stake in shares of FOX by 327.3% during the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock valued at $71,000 after buying an additional 1,031 shares during the period. Finally, Westpac Banking Corp lifted its stake in shares of FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after buying an additional 742 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the sale, the chief financial officer now owns 133,923 shares of the company’s stock, valued at $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.06% of the stock is currently owned by insiders.

FOX Stock Performance

Shares of FOX opened at $51.31 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.12 and a beta of 0.56. The company’s 50 day simple moving average is $48.75 and its 200 day simple moving average is $48.58. Fox Corporation has a 1 year low of $31.55 and a 1 year high of $55.00.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. On average, sell-side analysts predict that Fox Corporation will post 4.25 EPS for the current year.

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.