Regal Partners Ltd Buys 154,924 Shares of Fox Co. (NASDAQ:FOX)

Regal Partners Ltd grew its stake in Fox Co. (NASDAQ:FOX) by 30.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 667,049 shares of the company’s stock after purchasing an additional 154,924 shares during the quarter. FOX comprises about 2.3% of Regal Partners Ltd’s holdings, making the stock its 13th biggest holding. Regal Partners Ltd owned about 0.14% of FOX worth $25,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in FOX by 0.6% during the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock worth $1,810,000 after acquiring an additional 300 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in shares of FOX by 0.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock worth $1,667,000 after purchasing an additional 367 shares in the last quarter. MBB Public Markets I LLC raised its stake in shares of FOX by 4.4% in 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in FOX by 4.4% during 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 purchasing an additional 457 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of FOX by 1.1% during the 2nd quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock valued at $1,458,000 after buying an additional 500 shares in the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays upgraded 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 Trading Down 0.4 %

Shares of FOX opened at $43.46 on Thursday. 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 firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.67 and a beta of 0.81. The company has a 50-day moving average of $38.65 and a 200 day moving average of $35.15. Fox Co. has a 1-year low of $25.82 and a 1-year high of $43.67.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value 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 $10,907,311.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company’s stock, valued at approximately $52,935,147.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

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.