FOX (NASDAQ:FOX) Hits New 1-Year High at $33.43

Shares of Fox Co. (NASDAQ:FOX) reached a new 52-week high during trading on Thursday . The stock traded as high as $33.43 and last traded at $33.13, with a volume of 94845 shares changing hands. The stock had previously closed at $32.93.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised shares of FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th.

FOX Stock Up 0.7 %

The company has a market capitalization of $15.48 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 5.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. The firm’s fifty day moving average is $31.34 and its 200-day moving average is $29.24.

FOX (NASDAQ:FOX) last posted its earnings results on Wednesday, May 8th. The company reported $1.09 EPS for the quarter. FOX had a net margin of 11.19% and a return on equity of 15.90%. The business had revenue of $3.45 billion for the quarter. As a group, equities research analysts predict that Fox Co. will post 3.32 EPS for the current year.

Insider Buying and Selling

In related news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at approximately $3,788,059.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Steven Tomsic sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the transaction, the chief financial officer now owns 110,568 shares in the company, valued at approximately $3,788,059.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the transaction, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The disclosure for this sale can be found here. 19.21% of the stock is owned by corporate insiders.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently bought and sold shares of FOX. Royal London Asset Management Ltd. increased its stake in FOX by 3.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 51,732 shares of the company’s stock valued at $1,494,000 after purchasing an additional 1,956 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of FOX in the 3rd quarter worth $241,000. Public Employees Retirement System of Ohio grew its stake in shares of FOX by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 61,393 shares of the company’s stock worth $1,773,000 after acquiring an additional 613 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of FOX by 186.8% in the 4th quarter. SG Americas Securities LLC now owns 18,111 shares of the company’s stock worth $501,000 after acquiring an additional 11,797 shares in the last quarter. Finally, F&V Capital Management LLC grew its stake in shares of FOX by 1.6% in the 4th quarter. F&V Capital Management LLC now owns 268,785 shares of the company’s stock worth $7,432,000 after acquiring an additional 4,200 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.