ING Groep NV Boosts Holdings in Fox Co. (NASDAQ:FOX)

ING Groep NV increased its stake in Fox Co. (NASDAQ:FOX) by 31.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 961,944 shares of the company’s stock after acquiring an additional 228,392 shares during the period. ING Groep NV’s holdings in FOX were worth $37,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of FOX in the 1st quarter worth approximately $1,711,000. Swedbank AB boosted 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 valued at $4,666,000 after buying an additional 78,801 shares in the last quarter. AMF Tjanstepension AB purchased a new stake in shares of FOX in the 2nd quarter worth about $7,690,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in FOX by 47.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 362,172 shares of the company’s stock valued at $10,365,000 after acquiring an additional 116,218 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in FOX by 8.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 207,076 shares of the company’s stock worth $5,923,000 after acquiring an additional 16,840 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FOX shares. Barclays raised shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction 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 transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction on 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 owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

FOX Stock Up 1.8 %

NASDAQ FOX traded up $0.80 during mid-day trading on Thursday, reaching $44.26. The stock had a trading volume of 218,868 shares, compared to its average volume of 1,070,444. The stock has a market cap of $20.37 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.67 and a beta of 0.81. Fox Co. has a 1 year low of $25.82 and a 1 year high of $44.34. 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 fifty day moving average price of $38.76 and a 200 day moving average price of $35.21.

About FOX

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.