QRG Capital Management Inc. Sells 23,139 Shares of Fox Co. (NASDAQ:FOX)

QRG Capital Management Inc. cut its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,344 shares of the company's stock after selling 23,139 shares during the quarter. QRG Capital Management Inc.'s holdings in FOX were worth $3,389,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of FOX by 692.1% during 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 during the period. Friedenthal Financial acquired a new position in shares of FOX during the second quarter worth approximately $51,000. Intact Investment Management Inc. acquired a new position in shares of FOX during the third quarter worth approximately $74,000. Central Pacific Bank Trust Division acquired a new position in shares of FOX during the first quarter worth approximately $97,000. Finally, GAMMA Investing LLC raised its position in shares of FOX by 267.9% during the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company's stock worth $113,000 after purchasing an additional 2,569 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the 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 sale, the chairman now owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John Nallen sold 52,874 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 335,355 shares of company stock worth $14,244,865. 23.06% of the stock is owned by company insiders.

Analyst Ratings Changes

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

FOX Stock Performance

NASDAQ:FOX traded down $0.81 during trading on Thursday, reaching $41.57. The company's stock had a trading volume of 1,012,908 shares, compared to its average volume of 1,075,723. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. Fox Co. has a 12 month low of $25.82 and a 12 month high of $42.75. The firm has a 50 day moving average of $38.33 and a 200-day moving average of $34.74.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same quarter in the prior year, the company earned $0.88 EPS. Research analysts expect that Fox Co. will post 3.59 EPS for the current fiscal year.

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.