Sanctuary Advisors LLC Has $272,000 Stock Holdings in Fox Co. (NASDAQ:FOX)

Sanctuary Advisors LLC trimmed its stake in shares of Fox Co. (NASDAQ:FOX) by 39.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,022 shares of the company’s stock after selling 4,488 shares during the quarter. Sanctuary Advisors LLC’s holdings in FOX were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Glenmede Trust Co. NA grew its holdings in shares of FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares during the last quarter. Intact Investment Management Inc. bought a new stake in FOX during the third quarter worth about $74,000. Exchange Traded Concepts LLC acquired a new stake in shares of FOX during the third quarter worth approximately $128,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FOX in the second quarter valued at approximately $136,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of FOX by 1,269.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after acquiring an additional 3,300 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

FOX Price Performance

FOX opened at $46.63 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company’s 50 day simple moving average is $43.11 and its 200-day simple moving average is $38.35. Fox Co. has a one year low of $25.82 and a one year high of $47.80. The stock has a market capitalization of $21.30 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83.

Insider Buying and Selling at FOX

In related news, 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 directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction 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 sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,053,505 shares of company stock worth $47,705,970. Insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

FOX has been the subject of several research analyst reports. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th.

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.