Fox Co. (NASDAQ:FOX) Short Interest Down 5.8% in December

Fox Co. (NASDAQ:FOX) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,900,000 shares, a decrease of 5.8% from the December 15th total of 3,080,000 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th.

FOX Trading Down 0.6 %

NASDAQ FOX opened at $45.66 on Friday. The firm has a market cap of $20.85 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. FOX has a 52 week low of $25.82 and a 52 week high of $47.80. 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 company has a 50 day moving average price of $45.13 and a 200 day moving average price of $39.88.

Insider Buying and Selling at FOX

In other news, COO John Nallen sold 182,481 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. The trade was a 7.36 % 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 over the last ninety days. Company insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On FOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA lifted its position in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the period. Intact Investment Management Inc. purchased a new position in shares of FOX in the third quarter worth about $74,000. Exchange Traded Concepts LLC acquired a new stake in shares of FOX during the third quarter worth about $128,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in FOX in the second quarter valued at approximately $136,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in FOX by 1,269.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after buying an additional 3,300 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

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.