Tidal Investments LLC Buys New Shares in Fox Co. (NASDAQ:FOX)

Tidal Investments LLC purchased a new position in shares of Fox Co. (NASDAQ:FOX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,907 shares of the company’s stock, valued at approximately $384,000.

Other hedge funds also recently bought and sold shares of the company. Glenmede Trust Co. NA increased its stake in shares of FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after buying an additional 449 shares during the period. Intact Investment Management Inc. acquired a new position in FOX during the 3rd quarter worth approximately $74,000. Exchange Traded Concepts LLC purchased a new stake in shares of FOX in the 3rd quarter valued at approximately $128,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FOX in the 2nd quarter valued at $136,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of FOX by 1,269.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Transactions at FOX

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,053,505 shares of company stock worth $47,705,970. Corporate insiders own 23.06% of the company’s stock.

FOX Trading Down 0.1 %

NASDAQ FOX opened at $46.61 on Tuesday. Fox Co. has a 12 month low of $25.82 and a 12 month high of $47.80. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The firm’s fifty day moving average price is $42.29 and its 200 day moving average price is $37.86.

Analyst Ratings Changes

A number of brokerages have issued reports on FOX. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

About FOX

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.