UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Fox Co. (NASDAQ:FOX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Fox Co. (NASDAQ:FOX) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190,364 shares of the company’s stock after selling 51,336 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of FOX worth $46,186,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 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 worth $30,000 after acquiring an additional 449 shares during the last quarter. Blue Trust Inc. boosted its stake in FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after purchasing an additional 1,232 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of FOX during the second quarter worth $51,000. Intact Investment Management Inc. acquired a new stake in shares of FOX in the third quarter valued at about $74,000. Finally, GAMMA Investing LLC lifted its stake in shares of FOX by 267.9% in the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock worth $113,000 after buying an additional 2,569 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of the firm’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 directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The disclosure for this sale can be found here. Insiders have sold 1,053,505 shares of company stock worth $47,705,970 in the last ninety days. 23.06% of the stock is owned by insiders.

FOX Trading Down 0.8 %

Shares of FOX opened at $44.05 on Wednesday. Fox Co. has a 12-month low of $25.82 and a 12-month high of $44.89. The firm has a market capitalization of $20.12 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.70 and a beta of 0.83. The firm has a 50-day moving average price of $40.62 and a 200 day moving average price of $36.61. 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 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.