7,765 Shares in Fox Co. (NASDAQ:FOX) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Fox Co. (NASDAQ:FOX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,765 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FOX. Swedbank AB raised its holdings in FOX by 117.8% in the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after buying an additional 78,801 shares during the period. AMF Tjanstepension AB acquired a new position in shares of FOX in the 2nd quarter worth approximately $7,690,000. Summit Global Investments purchased a new position in shares of FOX during the 3rd quarter worth approximately $768,000. Independent Franchise Partners LLP increased its holdings in FOX by 14.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after purchasing an additional 636,247 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in FOX by 47.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock valued at $22,554,000 after purchasing an additional 227,194 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FOX shares. Barclays raised FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

FOX Stock Performance

Shares of FOX stock opened at $44.73 on Monday. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.89. The firm has a 50 day moving average of $40.39 and a two-hundred day moving average of $36.41. 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 market capitalization of $20.43 billion, a PE ratio of 10.94, a P/E/G ratio of 1.71 and a beta of 0.81.

Insider Activity at FOX

In other news, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction on Tuesday, November 26th. The shares were 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. Over the last three months, insiders sold 1,053,505 shares of company stock worth $47,705,970. Company 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.