Citigroup Inc. Lowers Holdings in Fox Co. (NASDAQ:FOX)

Citigroup Inc. trimmed its position in Fox Co. (NASDAQ:FOX - Free Report) by 44.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657,482 shares of the company's stock after selling 524,112 shares during the period. Citigroup Inc. owned approximately 0.14% of FOX worth $25,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company's stock worth $45,000 after purchasing an additional 1,232 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of FOX during the 2nd quarter worth $51,000. Intact Investment Management Inc. purchased a new stake in shares of FOX during the 3rd quarter worth $74,000. GAMMA Investing LLC boosted its position in shares of FOX by 267.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,528 shares of the company's stock worth $113,000 after purchasing an additional 2,569 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of FOX during the 3rd quarter worth $128,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of NASDAQ:FOX traded up $0.10 during midday trading on Tuesday, hitting $43.81. 1,008,576 shares of the stock were exchanged, compared to its average volume of 1,104,486. The stock has a market cap of $20.01 billion, a P/E ratio of 10.71, a PEG ratio of 1.70 and a beta of 0.81. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a twelve month low of $25.82 and a twelve month high of $44.66. The company has a 50 day moving average price of $39.96 and a 200-day moving average price of $36.12.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FOX. Barclays raised FOX to a "hold" rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th.

Insider Activity at FOX

In related news, COO John Nallen sold 182,481 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 249,424 shares of the company's stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,053,505 shares of company stock valued at $47,705,970. 23.06% of the stock is owned by insiders.

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.