Fox Corporation (NASDAQ:FOX) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of Fox Corporation (NASDAQ:FOX) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,877 shares of the company’s stock after buying an additional 5,317 shares during the quarter. New York State Teachers Retirement System’s holdings in FOX were worth $9,481,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in FOX during the 4th quarter valued at about $138,822,000. Contrarius Group Holdings Ltd purchased a new position in FOX during the 4th quarter valued at about $57,766,000. Independent Franchise Partners LLP increased its holdings in FOX by 15.4% during the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company’s stock valued at $261,010,000 after acquiring an additional 759,874 shares in the last quarter. Amundi increased its holdings in FOX by 83.0% during the 4th quarter. Amundi now owns 1,549,002 shares of the company’s stock valued at $72,199,000 after acquiring an additional 702,561 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in FOX by 7,082.8% during the 1st quarter. GAMMA Investing LLC now owns 472,914 shares of the company’s stock valued at $24,927,000 after acquiring an additional 466,330 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.06% of the stock is currently owned by company insiders.

FOX Stock Performance

NASDAQ:FOX opened at $51.77 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $49.84 and a two-hundred day moving average price of $48.94. Fox Corporation has a twelve month low of $32.02 and a twelve month high of $55.00. The company has a market capitalization of $23.28 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56.

FOX (NASDAQ:FOX) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $4.37 billion during 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%. As a group, research analysts expect that Fox Corporation will post 4.25 earnings per share for the current fiscal 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.