Harel Insurance Investments & Financial Services Ltd. Sells 260 Shares of Fox Co. (NASDAQ:FOX)

Harel Insurance Investments & Financial Services Ltd. decreased its stake in Fox Co. (NASDAQ:FOX) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,624 shares of the company’s stock after selling 260 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in FOX were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC increased its position in FOX by 7.2% during the 2nd quarter. ProShare Advisors LLC now owns 18,109 shares of the company’s stock valued at $580,000 after purchasing an additional 1,221 shares during the period. Bank of Montreal Can increased its position in shares of FOX by 12.8% during the second quarter. Bank of Montreal Can now owns 135,298 shares of the company’s stock worth $4,366,000 after buying an additional 15,391 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in FOX by 62.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,100 shares of the company’s stock worth $868,000 after buying an additional 10,395 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in FOX by 591.4% in the second quarter. Cubist Systematic Strategies LLC now owns 26,543 shares of the company’s stock valued at $850,000 after buying an additional 22,704 shares during the period. Finally, Squarepoint Ops LLC boosted its position in FOX by 126.7% during the second quarter. Squarepoint Ops LLC now owns 62,065 shares of the company’s stock valued at $1,987,000 after acquiring an additional 34,686 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors.

Insider Transactions at FOX

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,053,505 shares of company stock valued at $47,705,970 over the last ninety days. 23.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FOX. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th. Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

FOX Trading Up 1.1 %

NASDAQ:FOX opened at $46.55 on Friday. The firm has a fifty day simple moving average of $45.39 and a two-hundred day simple moving average of $40.30. Fox Co. has a 12 month low of $25.82 and a 12 month high of $47.80. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.66 and a beta of 0.81. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOX) last issued its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.35. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.37 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same period in the previous year, the company posted $1.09 EPS. Analysts expect that Fox Co. will post 3.91 EPS for the current fiscal year.

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.