Amalgamated Bank Sells 14,073 Shares of Fox Co. (NASDAQ:FOX)

Amalgamated Bank trimmed its position in shares of Fox Co. (NASDAQ:FOX) by 35.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,021 shares of the company’s stock after selling 14,073 shares during the period. Amalgamated Bank’s holdings in FOX were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in FOX during the 2nd quarter valued at approximately $65,709,000. Independent Franchise Partners LLP boosted its position in shares of FOX by 14.5% during the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after acquiring an additional 636,247 shares during the last quarter. Regal Partners Ltd purchased a new position in FOX during the second quarter valued at $16,398,000. Dimensional Fund Advisors LP increased its holdings in FOX by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock valued at $74,483,000 after acquiring an additional 272,743 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in FOX by 867.4% in the 2nd quarter. Edgestream Partners L.P. now owns 304,088 shares of the company’s stock worth $9,737,000 after purchasing an additional 272,656 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Barclays raised FOX to a “hold” rating in a research note on Wednesday, October 9th.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the sale, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

FOX Price Performance

FOX stock opened at $44.22 on Friday. Fox Co. has a 52-week low of $25.82 and a 52-week high of $44.34. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $38.76 and its 200 day moving average is $35.21. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.67 and a beta of 0.81.

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.