FOX (NASDAQ:FOX) Reaches New 1-Year High – Here’s What Happened

Shares of Fox Co. (NASDAQ:FOX) reached a new 52-week high on Tuesday . The stock traded as high as $42.88 and last traded at $42.88, with a volume of 57296 shares trading hands. The stock had previously closed at $42.50.

Analyst Ratings Changes

FOX has been the topic of several recent research reports. Barclays upgraded shares of FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

FOX Stock Up 2.7 %

The company’s fifty day simple moving average is $38.54 and its 200-day simple moving average is $35.05. The firm has a market capitalization of $20.09 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the sale, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other FOX news, CEO Lachlan K. Murdoch acquired 119,705 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 335,355 shares of company stock valued at $14,244,865. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On FOX

A number of large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in FOX by 62.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,839 shares of the company’s stock valued at $735,000 after acquiring an additional 9,587 shares in the last quarter. SG Americas Securities LLC grew its position in shares of FOX by 144.8% in the first quarter. SG Americas Securities LLC now owns 44,336 shares of the company’s stock valued at $1,269,000 after purchasing an additional 26,225 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of FOX by 23.7% in the first quarter. Headlands Technologies LLC now owns 14,621 shares of the company’s stock valued at $418,000 after purchasing an additional 2,805 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in FOX by 1.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 141,611 shares of the company’s stock worth $4,434,000 after buying an additional 2,020 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FOX by 81.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 204,305 shares of the company’s stock worth $5,847,000 after buying an additional 91,954 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

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.