Fox Co. (NASDAQ:FOX) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its stake in shares of Fox Co. (NASDAQ:FOX) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,233,401 shares of the company’s stock after purchasing an additional 64,062 shares during the quarter. FOX makes up approximately 3.1% of Mirabella Financial Services LLP’s holdings, making the stock its 6th largest holding. Mirabella Financial Services LLP owned 0.27% of FOX worth $47,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOX. Virtu Financial LLC acquired a new position in FOX in the first quarter valued at $1,711,000. Swedbank AB grew its holdings in shares of FOX by 117.8% during the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock worth $4,666,000 after purchasing an additional 78,801 shares during the period. AMF Tjanstepension AB acquired a new stake in FOX during the 2nd quarter worth approximately $7,690,000. Bayesian Capital Management LP acquired a new stake in FOX during the 1st quarter worth approximately $728,000. Finally, Summit Global Investments purchased a new position in FOX in the third quarter valued at approximately $768,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction that occurred 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 sale, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

FOX Stock Up 0.6 %

NASDAQ FOX opened at $44.37 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $44.56. The business has a 50 day moving average price of $39.70 and a two-hundred day moving average price of $35.94. The stock has a market cap of $20.27 billion, a PE ratio of 10.85, a P/E/G ratio of 1.70 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Seaport Res Ptn lowered shares of 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 research report on Wednesday, October 9th.

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.