66,017 Shares in Fox Co. (NASDAQ:FOX) Purchased by Algert Global LLC

Algert Global LLC acquired a new position in shares of Fox Co. (NASDAQ:FOX - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 66,017 shares of the company's stock, valued at approximately $2,561,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of FOX during the 1st quarter worth $1,711,000. Swedbank AB grew its stake in shares of FOX by 117.8% during the 2nd quarter. Swedbank AB now owns 145,711 shares of the company's stock worth $4,666,000 after purchasing an additional 78,801 shares during the period. AMF Tjanstepension AB acquired a new position in shares of FOX during the 2nd quarter worth $7,690,000. Bayesian Capital Management LP acquired a new position in shares of FOX during the 1st quarter worth $728,000. Finally, Summit Global Investments purchased a new stake in shares of FOX in the 3rd quarter worth about $768,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Up 1.2 %

NASDAQ:FOX traded up $0.54 on Wednesday, reaching $44.35. The stock had a trading volume of 165,127 shares, compared to its average volume of 1,100,900. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.68 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. The firm's fifty day moving average is $39.96 and its two-hundred day moving average is $36.12. Fox Co. has a 12-month low of $25.82 and a 12-month high of $44.66.

Analysts Set New Price Targets

FOX has been the topic of several recent research reports. Barclays upgraded shares of FOX to a "hold" rating in a research report 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.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of the stock in a transaction that occurred 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 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. Insiders have sold a total of 1,053,505 shares of company stock worth $47,705,970 in the last three months. Company insiders own 23.06% of the company's stock.

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.