Assenagon Asset Management S.A. Purchases 1,095,073 Shares of Fox Co. (NASDAQ:FOX)

Assenagon Asset Management S.A. grew its position in Fox Co. (NASDAQ:FOX) by 58.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,970,917 shares of the company’s stock after buying an additional 1,095,073 shares during the period. Assenagon Asset Management S.A.’s holdings in FOX were worth $135,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in FOX by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after purchasing an additional 300 shares during the period. MBB Public Markets I LLC lifted its holdings in shares of FOX by 4.4% during the second quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock worth $337,000 after buying an additional 440 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 449 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of FOX by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock valued at $417,000 after acquiring an additional 457 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in FOX by 0.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock worth $2,981,000 after acquiring an additional 538 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Nallen sold 182,481 shares of the 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 owns 249,424 shares in the company, 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 three months, insiders sold 1,053,505 shares of company stock worth $47,705,970. 23.06% of the stock is currently owned by company insiders.

FOX Trading Up 1.3 %

Shares of NASDAQ:FOX opened at $46.54 on Wednesday. The business’s 50 day simple moving average is $44.89 and its 200 day simple moving average is $39.64. Fox Co. has a 1 year low of $25.82 and a 1 year high of $47.80. 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 has a market capitalization of $21.26 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.61 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of 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.