Robeco Institutional Asset Management B.V. Sells 884 Shares of Fox Corporation (NASDAQ:FOX)

Robeco Institutional Asset Management B.V. lowered its position in shares of Fox Corporation (NASDAQ:FOX) by 3.7% in the first quarter, HoldingsChannel reports. The fund owned 22,827 shares of the company’s stock after selling 884 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in FOX were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOX. Bank of New York Mellon Corp grew its stake in FOX by 19.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,110,115 shares of the company’s stock valued at $50,777,000 after acquiring an additional 178,773 shares during the period. Los Angeles Capital Management LLC bought a new stake in FOX during the fourth quarter worth about $215,000. Oppenheimer & Co. Inc. bought a new stake in FOX in the fourth quarter valued at approximately $495,000. Proficio Capital Partners LLC bought a new stake in FOX in the fourth quarter valued at approximately $2,176,000. Finally, Charles Schwab Investment Management Inc. raised its stake in FOX by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,037 shares of the company’s stock valued at $1,740,000 after buying an additional 3,107 shares during the period. Institutional investors own 26.41% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOX opened at $50.77 on Thursday. The firm has a market cap of $22.83 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Corporation has a 1-year low of $32.02 and a 1-year high of $55.00. The business’s 50 day moving average is $49.60 and its 200-day moving average is $48.85.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) 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 the consensus estimate of $4.19 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. Equities research analysts predict that Fox Corporation will post 4.25 earnings per share for the current year.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the transaction, the chief financial officer owned 133,923 shares of the company’s stock, valued at $7,415,316.51. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.06% of the company’s stock.

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.