Elgethun Capital Management Sells 5,850 Shares of Fox Co. (NASDAQ:FOX)

Elgethun Capital Management lowered its holdings in shares of Fox Co. (NASDAQ:FOX) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 114,895 shares of the company’s stock after selling 5,850 shares during the period. Elgethun Capital Management’s holdings in FOX were worth $3,664,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in FOX. Vanguard Group Inc. lifted its position in FOX by 3.0% in the first quarter. Vanguard Group Inc. now owns 17,559,426 shares of the company’s stock valued at $637,056,000 after purchasing an additional 506,637 shares during the last quarter. BlackRock Inc. increased its position in shares of FOX by 1.5% in the first quarter. BlackRock Inc. now owns 11,544,874 shares of the company’s stock valued at $418,847,000 after acquiring an additional 168,261 shares during the period. Yacktman Asset Management LP raised its stake in shares of FOX by 0.3% during the second quarter. Yacktman Asset Management LP now owns 8,764,068 shares of the company’s stock valued at $279,486,000 after acquiring an additional 27,718 shares during the last quarter. State Street Corp boosted its holdings in shares of FOX by 3.1% during the first quarter. State Street Corp now owns 7,726,734 shares of the company’s stock worth $280,326,000 after purchasing an additional 230,720 shares during the period. Finally, Nomura Holdings Inc. grew its stake in shares of FOX by 258.0% in the first quarter. Nomura Holdings Inc. now owns 5,403,041 shares of the company’s stock worth $169,169,000 after purchasing an additional 3,893,625 shares during the last quarter. Hedge funds and other institutional investors own 24.56% of the company’s stock.

Insider Activity

In other FOX news, insider Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $31.90, for a total transaction of $3,190,000.00. Following the transaction, the insider now directly owns 128,964 shares of the company’s stock, valued at approximately $4,113,951.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 19.21% of the company’s stock.

FOX Trading Down 0.7 %

FOX traded down $0.20 during midday trading on Tuesday, reaching $28.44. 217,233 shares of the company’s stock traded hands, compared to its average volume of 1,168,436. Fox Co. has a 52 week low of $26.20 and a 52 week high of $34.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.02 and a quick ratio of 1.81. The firm has a fifty day moving average of $28.51 and a two-hundred day moving average of $29.88. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 14.04 and a beta of 0.92.

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.