Caisse DE Depot ET Placement DU Quebec Buys Shares of 100,000 Fox Co. (NASDAQ:FOX)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Fox Co. (NASDAQ:FOX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $3,880,000.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in FOX by 0.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 176,053 shares of the company’s stock worth $5,040,000 after acquiring an additional 1,118 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of FOX by 28.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 46,394 shares of the company’s stock valued at $1,303,000 after purchasing an additional 10,159 shares in the last quarter. GAMMA Investing LLC increased its holdings in FOX by 267.9% during the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock valued at $113,000 after buying an additional 2,569 shares during the period. Mather Group LLC. raised its stake in FOX by 904.8% in the second quarter. Mather Group LLC. now owns 4,652 shares of the company’s stock worth $149,000 after buying an additional 4,189 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in FOX during the second quarter worth $7,690,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FOX. Barclays upgraded FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

FOX Trading Down 0.7 %

NASDAQ FOX opened at $44.41 on Tuesday. The firm has a market cap of $20.28 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.71 and a beta of 0.81. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.89. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $40.52 and a 200 day moving average price of $36.51.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of the company’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 transaction of $7,979,894.13. Following the transaction, the chief operating officer now owns 249,424 shares in the company, 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. Over the last three months, insiders have sold 1,053,505 shares of company stock valued at $47,705,970. Corporate insiders own 23.06% of the company’s stock.

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.