Nisa Investment Advisors LLC Sells 12,635 Shares of Fox Co. (NASDAQ:FOX)

Nisa Investment Advisors LLC lessened its position in Fox Co. (NASDAQ:FOX - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,098 shares of the company's stock after selling 12,635 shares during the quarter. Nisa Investment Advisors LLC's holdings in FOX were worth $1,971,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock valued at $66,582,000 after purchasing an additional 226,867 shares during the last quarter. Summit Global Investments acquired a new position in FOX in the 3rd quarter valued at about $768,000. Barclays PLC raised its holdings in FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock valued at $20,982,000 after acquiring an additional 18,802 shares during the period. Algert Global LLC acquired a new stake in FOX during the third quarter worth approximately $2,561,000. Finally, Regal Partners Ltd boosted its holdings in shares of FOX by 30.3% during the third quarter. Regal Partners Ltd now owns 667,049 shares of the company's stock worth $25,882,000 after acquiring an additional 154,924 shares during the period. Institutional investors own 26.41% of the company's stock.

Analysts Set New Price Targets

FOX has been the subject of a number of research reports. Barclays raised FOX to a "hold" rating in a 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 Price Performance

FOX stock traded up $1.10 during mid-day trading on Monday, reaching $47.65. The company had a trading volume of 1,460,788 shares, compared to its average volume of 1,033,330. The business has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $40.40. The company has a market cap of $21.76 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.66 and a beta of 0.81. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $48.06. 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 (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.35. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate 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 business posted $1.09 earnings per share. On average, equities research analysts predict that Fox Co. will post 3.91 earnings per share for the current year.

Insider Activity

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 value of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company's stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $35,521,075.68. The disclosure for this sale can be found here. Insiders sold 1,053,505 shares of company stock worth $47,705,970 in the last quarter. 23.06% of the stock is owned by corporate insiders.

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.