Ethic Inc. Has $3.03 Million Holdings in Fox Co. (NASDAQ:FOX)

Ethic Inc. grew its position in shares of Fox Co. (NASDAQ:FOX) by 122.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,235 shares of the company’s stock after purchasing an additional 36,470 shares during the quarter. Ethic Inc.’s holdings in FOX were worth $3,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of FOX by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company’s stock valued at $655,738,000 after acquiring an additional 425,868 shares in the last quarter. Independent Franchise Partners LLP increased its stake in FOX by 15.4% in the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company’s stock valued at $261,010,000 after purchasing an additional 759,874 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of FOX by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company’s stock valued at $147,122,000 after purchasing an additional 114,442 shares during the period. Norges Bank bought a new position in shares of FOX during the 4th quarter worth about $138,822,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of FOX by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Price Performance

Shares of FOX opened at $46.72 on Monday. The business’s fifty day moving average is $47.64 and its 200 day moving average is $46.82. Fox Co. has a 12-month low of $30.10 and a 12-month high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market cap of $21.18 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.55 and a beta of 0.56.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 23.06% of the company’s stock.

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.