AXQ Capital LP Boosts Position in Fox Co. (NASDAQ:FOX)

AXQ Capital LP grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 95.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,261 shares of the company's stock after acquiring an additional 6,967 shares during the period. AXQ Capital LP's holdings in FOX were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. State Street Corp grew its stake in FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company's stock valued at $374,008,000 after acquiring an additional 671,511 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of FOX by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company's stock valued at $120,299,000 after purchasing an additional 92,515 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock valued at $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock worth $66,582,000 after purchasing an additional 226,867 shares during the last quarter. Finally, Amundi lifted its position in shares of FOX by 83.0% in the fourth quarter. Amundi now owns 1,549,002 shares of the company's stock worth $72,199,000 after buying an additional 702,561 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company's stock.

FOX Price Performance

FOX stock traded down $0.43 during trading on Thursday, hitting $50.73. 704,663 shares of the company's stock traded hands, compared to its average volume of 1,185,836. Fox Co. has a 52 week low of $27.63 and a 52 week high of $55.00. The stock has a market capitalization of $23.00 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 1.55 and a beta of 0.74. The business has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $44.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, research analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is 11.56%.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.

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.