Kentucky Retirement Systems Insurance Trust Fund Invests $203,000 in Fox Corporation (NASDAQ:FOX)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Fox Corporation (NASDAQ:FOX) in the first quarter, Holdings Channel reports. The firm purchased 3,844 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also made changes to their positions in FOX. Fifth Third Bancorp boosted its holdings in FOX by 7.5% in the first quarter. Fifth Third Bancorp now owns 4,398 shares of the company’s stock worth $232,000 after purchasing an additional 307 shares during the period. CMC Financial Group lifted its position in shares of FOX by 5.9% in the 1st quarter. CMC Financial Group now owns 5,618 shares of the company’s stock worth $296,000 after buying an additional 311 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of FOX by 5.4% in the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock valued at $311,000 after buying an additional 350 shares during the period. Principal Securities Inc. boosted its holdings in shares of FOX by 51.5% in the 4th 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. Finally, State of Alaska Department of Revenue grew its position in shares of FOX by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 34,479 shares of the company’s stock valued at $1,816,000 after buying an additional 410 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

FOX Price Performance

FOX opened at $51.38 on Thursday. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $48.89 and its 200 day moving average price is $48.60. Fox Corporation has a fifty-two week low of $31.55 and a fifty-two week high of $55.00. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56.

FOX (NASDAQ:FOX) last announced 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 business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.19 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. As a group, sell-side analysts expect that Fox Corporation will post 4.25 earnings per share 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.