Mirae Asset Global Investments Co. Ltd. Has $883,000 Position in Fox Corporation (NASDAQ:FOX)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Fox Corporation (NASDAQ:FOX) by 9.6% during the first quarter, Holdings Channel reports. The firm owned 17,483 shares of the company’s stock after acquiring an additional 1,528 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FOX were worth $883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOX. CIBC Private Wealth Group LLC lifted its stake in shares of FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after purchasing an additional 522 shares during the period. O Shaughnessy Asset Management LLC lifted its stake 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 valued at $61,000 after purchasing an additional 608 shares during the period. Versant Capital Management Inc lifted its stake 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 valued at $71,000 after purchasing an additional 1,031 shares during the period. Westpac Banking Corp lifted its stake in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after purchasing an additional 742 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new position in shares of FOX in the 4th quarter valued at about $89,000. 26.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Steven Tomsic sold 39,642 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 133,923 shares of the company’s stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.06% of the company’s stock.

FOX Stock Up 2.0%

Shares of NASDAQ:FOX opened at $51.77 on Friday. The business’s 50-day moving average is $49.84 and its 200-day moving average is $48.94. Fox Corporation has a 1 year low of $32.02 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.17 and a beta of 0.56.

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. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. Equities research analysts predict that Fox Corporation will post 4.25 earnings per share for the current year.

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.