Fox Co. (NASDAQ:FOX) Stock Holdings Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of Fox Co. (NASDAQ:FOX) by 18.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 376,303 shares of the company’s stock after selling 84,504 shares during the quarter. BNP Paribas Financial Markets’ holdings in FOX were worth $14,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after buying an additional 300 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in FOX by 0.7% in the second quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock valued at $1,667,000 after acquiring an additional 367 shares during the period. MBB Public Markets I LLC grew its holdings in shares of FOX by 4.4% during the second quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock valued at $337,000 after purchasing an additional 440 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of FOX by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after purchasing an additional 457 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of FOX by 1.1% in the 2nd quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock worth $1,458,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the firm’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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,053,505 shares of company stock worth $47,705,970 in the last three months. 23.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FOX shares. Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

FOX Price Performance

Shares of NASDAQ:FOX opened at $44.73 on Monday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $40.39 and its two-hundred day moving average is $36.41. The firm has a market capitalization of $20.43 billion, a P/E ratio of 10.94, a PEG ratio of 1.71 and a beta of 0.81. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.89.

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.