KBC Group NV Increases Holdings in Fox Corporation (NASDAQ:FOX)

KBC Group NV boosted its holdings in shares of Fox Corporation (NASDAQ:FOX) by 35.8% during the first quarter, Holdings Channel reports. The firm owned 34,095 shares of the company’s stock after acquiring an additional 8,987 shares during the quarter. KBC Group NV’s holdings in FOX were worth $1,797,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its position in FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after acquiring an additional 522 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after purchasing an additional 608 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock worth $71,000 after purchasing an additional 1,031 shares in the last quarter. Westpac Banking Corp boosted its position in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after purchasing an additional 742 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of FOX in the 4th quarter worth approximately $89,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Stock Performance

Shares of FOX opened at $51.77 on Friday. 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 business’s 50 day moving average price is $49.72 and its 200-day moving average price is $48.90. Fox Corporation has a 52 week low of $32.02 and a 52 week high of $55.00. The stock has a market cap of $23.28 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.14 and a beta of 0.56.

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

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.06% of the stock is currently owned by insiders.

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.