Kingsview Wealth Management LLC Takes Position in Fox Co. (NASDAQ:FOX)

Kingsview Wealth Management LLC acquired a new stake in shares of Fox Co. (NASDAQ:FOX - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 62,209 shares of the company's stock, valued at approximately $2,414,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in FOX by 692.1% in the second 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 bought a new position in shares of FOX in the 2nd quarter worth about $51,000. Intact Investment Management Inc. purchased a new position in FOX during the 3rd quarter valued at about $74,000. Exchange Traded Concepts LLC purchased a new stake in FOX in the third quarter worth about $128,000. Finally, GAMMA Investing LLC increased its stake in shares of FOX by 267.9% during the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company's stock valued at $113,000 after purchasing an additional 2,569 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

Analyst Upgrades and Downgrades

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

FOX Price Performance

NASDAQ:FOX traded down $0.66 on Monday, reaching $43.71. 3,693,876 shares of the company's stock traded hands, compared to its average volume of 1,104,906. The firm has a market cap of $19.96 billion, a PE ratio of 10.85, a P/E/G ratio of 1.70 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. The stock has a 50-day simple moving average of $39.70 and a 200-day simple moving average of $35.94. Fox Co. has a 12 month low of $25.82 and a 12 month high of $44.66.

Insider Transactions at FOX

In other FOX news, 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 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 $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

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.