FOX (NASDAQ:FOX) Sets New 52-Week High - Still a Buy?

Shares of Fox Co. (NASDAQ:FOX - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $44.51 and last traded at $44.49, with a volume of 13652 shares changing hands. The stock had previously closed at $44.12.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays upgraded FOX to a "hold" rating in a research report on Wednesday, October 9th. Seaport Res Ptn cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th.

FOX Stock Up 0.7 %

The firm has a 50-day moving average of $39.55 and a two-hundred day moving average of $35.76. The company has a market capitalization of $20.28 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FOX

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in FOX in the 1st quarter valued at $1,711,000. Swedbank AB boosted its holdings in shares of FOX by 117.8% in the second quarter. Swedbank AB now owns 145,711 shares of the company's stock valued at $4,666,000 after acquiring an additional 78,801 shares in the last quarter. AMF Tjanstepension AB acquired a new position in shares of FOX during the second quarter worth about $7,690,000. Bayesian Capital Management LP purchased a new position in FOX during the first quarter worth about $728,000. Finally, Summit Global Investments acquired a new stake in FOX in the third quarter valued at about $768,000. Institutional investors and hedge funds own 26.41% of the company's stock.

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.

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