Exchange Traded Concepts LLC Grows Stock Position in Fox Co. (NASDAQ:FOX)

Exchange Traded Concepts LLC grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 1,622.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,750 shares of the company's stock after acquiring an additional 53,456 shares during the quarter. Exchange Traded Concepts LLC's holdings in FOX were worth $2,596,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company's stock worth $1,810,000 after purchasing an additional 300 shares during the last quarter. MBB Public Markets I LLC boosted its holdings in shares of FOX by 4.4% in the 2nd quarter. MBB Public Markets I LLC now owns 10,516 shares of the company's stock valued at $337,000 after acquiring an additional 440 shares during the last quarter. Glenmede Trust Co. NA grew 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 purchasing an additional 449 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in FOX by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company's stock worth $417,000 after acquiring an additional 457 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of FOX by 0.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company's stock valued at $2,981,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the transaction, the chief operating officer now owns 249,424 shares in the company, 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 sold 1,053,505 shares of company stock valued at $47,705,970 in the last ninety days. Insiders own 23.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FOX. Barclays upgraded FOX to a "hold" rating in a research report on Wednesday, October 9th. Moffett Nathanson downgraded shares of FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.

FOX Trading Up 1.1 %

FOX traded up $0.52 during trading hours on Friday, reaching $46.55. The company's stock had a trading volume of 950,313 shares, compared to its average volume of 818,858. The stock has a market cap of $21.26 billion, a PE ratio of 11.38, a P/E/G ratio of 1.66 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. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $47.80. The business's 50-day moving average is $45.39 and its 200-day moving average is $40.35.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.35. The company had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.37 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same period in the prior year, the firm earned $1.09 earnings per share. As a group, equities research analysts predict that Fox Co. will post 3.91 earnings per share for the current fiscal year.

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.