Fox Co. (NASDAQ:FOX) Short Interest Update

Fox Co. (NASDAQ:FOX - Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,900,000 shares, a decrease of 5.8% from the December 15th total of 3,080,000 shares. Approximately 2.2% of the company's shares are sold short. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of FOX to a "hold" rating in a research report on Wednesday, October 9th.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm's 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 transaction, the chairman now owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, 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. In the last three months, insiders have sold 1,053,505 shares of company stock worth $47,705,970. 23.06% of the stock is currently owned by insiders.

Institutional Trading of FOX

Several hedge funds have recently modified their holdings of FOX. SG Americas Securities LLC grew its position in FOX by 312.3% during the fourth quarter. SG Americas Securities LLC now owns 34,065 shares of the company's stock worth $1,558,000 after buying an additional 25,802 shares during the period. Wedge Capital Management L L P NC purchased a new position in FOX in the 4th quarter valued at approximately $48,606,000. Avanza Fonder AB acquired a new position in FOX during the fourth quarter worth $407,000. Assenagon Asset Management S.A. boosted its position in FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Finally, Wedmont Private Capital acquired a new stake in FOX in the fourth quarter valued at $228,000. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Performance

FOX stock traded down $0.28 during mid-day trading on Friday, reaching $45.66. 816,999 shares of the company were exchanged, compared to its average volume of 881,128. The firm's 50-day simple moving average is $45.13 and its two-hundred day simple moving average is $39.93. FOX has a twelve month low of $25.82 and a twelve month high of $47.80. The firm has a market cap of $20.85 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

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.