Fox Co. (NASDAQ:FOX) Short Interest Up 6.8% in October

Fox Co. (NASDAQ:FOX - Get Free Report) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,300,000 shares, an increase of 6.8% from the October 15th total of 3,090,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily trading volume, of 867,500 shares, the days-to-cover ratio is currently 3.8 days.

Analyst Ratings Changes

FOX has been the subject of several recent analyst reports. Barclays upgraded shares of FOX to a "hold" rating in a research report on Wednesday, October 9th. Seaport Res Ptn cut 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, COO John Nallen sold 182,481 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

Hedge Funds Weigh In On FOX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its holdings in FOX by 1.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 141,611 shares of the company's stock valued at $4,434,000 after acquiring an additional 2,020 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in FOX by 81.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 204,305 shares of the company's stock worth $5,847,000 after buying an additional 91,954 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in FOX by 4.9% during the first quarter. Orion Portfolio Solutions LLC now owns 28,735 shares of the company's stock worth $822,000 after buying an additional 1,351 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in FOX by 8.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 207,076 shares of the company's stock worth $5,923,000 after buying an additional 16,840 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of FOX by 280.5% in the first quarter. Covestor Ltd now owns 3,995 shares of the company's stock valued at $114,000 after buying an additional 2,945 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Price Performance

FOX stock traded up $0.46 during trading on Tuesday, hitting $43.21. The company had a trading volume of 1,339,314 shares, compared to its average volume of 1,083,584. The business has a 50 day moving average of $39.12 and a 200 day moving average of $35.55. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 1.64 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 has a fifty-two week low of $25.82 and a fifty-two week high of $44.42.

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.