Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Fox Co. (NASDAQ:FOX)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Fox Co. (NASDAQ:FOX) by 448.4% during the third quarter, Holdings Channel reports. The institutional investor owned 712,900 shares of the company’s stock after purchasing an additional 582,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in FOX were worth $27,661,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Glenmede Trust Co. NA boosted its stake in shares of FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after buying an additional 449 shares in the last quarter. FMR LLC boosted its position in FOX by 29.9% during the third quarter. FMR LLC now owns 62,589 shares of the company’s stock worth $2,428,000 after purchasing an additional 14,405 shares in the last quarter. Bank of Montreal Can boosted its position in FOX by 232.1% during the third quarter. Bank of Montreal Can now owns 449,296 shares of the company’s stock worth $17,451,000 after purchasing an additional 313,998 shares in the last quarter. Mirabella Financial Services LLP boosted its position in FOX by 5.5% during the third quarter. Mirabella Financial Services LLP now owns 1,233,401 shares of the company’s stock worth $47,856,000 after purchasing an additional 64,062 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in FOX during the third quarter worth $301,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the business’s 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 sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,053,505 shares of company stock worth $47,705,970. 23.06% of the stock is currently owned by insiders.

FOX Stock Performance

FOX stock opened at $44.36 on Thursday. The firm has a market capitalization of $20.26 billion, a P/E ratio of 10.85, a PEG ratio of 1.68 and a beta of 0.81. The stock has a fifty day moving average price of $40.10 and a 200 day moving average price of $36.18. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.66. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

FOX has been the subject of a number of analyst reports. Barclays raised 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.

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.