Handelsbanken Fonder AB cut its holdings in shares of Fox Corporation (NASDAQ:FOX – Free Report) by 51.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,823 shares of the company’s stock after selling 34,377 shares during the period. Handelsbanken Fonder AB’s holdings in FOX were worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Marshall Wace LLP boosted its position in shares of FOX by 792.4% during the third quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock worth $182,448,000 after buying an additional 2,827,768 shares during the period. Andra AP fonden boosted its position in shares of FOX by 2.7% during the third quarter. Andra AP fonden now owns 1,110,900 shares of the company’s stock worth $63,643,000 after buying an additional 29,200 shares during the period. Gabelli Funds LLC boosted its position in shares of FOX by 5.2% during the fourth quarter. Gabelli Funds LLC now owns 566,600 shares of the company’s stock worth $36,789,000 after buying an additional 28,200 shares during the period. SG Americas Securities LLC boosted its position in shares of FOX by 2,459.6% during the fourth quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock worth $26,818,000 after buying an additional 396,900 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of FOX by 2.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 369,923 shares of the company’s stock worth $24,019,000 after buying an additional 9,808 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FOX. Bank of America reiterated an “underperform” rating and set a $45.00 price objective (down from $80.00) on shares of FOX in a research report on Wednesday, February 25th. Wells Fargo & Company downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.
Insider Buying and Selling
In other FOX news, COO John Nallen sold 216,806 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $57.68, for a total value of $12,505,370.08. Following the completion of the sale, the chief operating officer directly owned 362,206 shares in the company, valued at $20,892,042.08. This represents a 37.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.20, for a total value of $37,117,166.40. Following the completion of the transaction, the chief executive officer directly owned 152 shares in the company, valued at $8,846.40. This represents a 99.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,586,871 shares of company stock valued at $91,893,926 over the last 90 days. 23.06% of the stock is currently owned by insiders.
Key Stories Impacting FOX
Here are the key news stories impacting FOX this week:
- Neutral Sentiment: Fox News content continued to drive traffic, with multiple politically focused segments and live coverage on Iran, Trump, Cuba, and other breaking-news topics. This supports Fox’s news division visibility, but the stories themselves do not signal an immediate change to earnings outlook. Oil prices fall more than 6% as Trump says Iran negotiations in final stages
- Neutral Sentiment: Commentary from Kevin O’Leary citing a FOX interview highlighted stablecoins and blockchain adoption, reinforcing Fox’s role as a platform for business and investing commentary, though this is not a direct financial driver for FOX shares. Millionaire Businessman Reveals Where The Real Crypto Value Is, And It’s Not Bitcoin
- Neutral Sentiment: Additional Fox News and Fox Video items focused on political analysis, interviews, and human-interest segments, suggesting steady programming output rather than a material business update.
FOX Stock Performance
FOX opened at $57.24 on Monday. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 6.76 and a beta of 0.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65. Fox Corporation has a 1-year low of $48.42 and a 1-year high of $68.18. The business has a 50 day moving average price of $55.59 and a two-hundred day moving average price of $58.54.
FOX (NASDAQ:FOX – Get Free Report) last released its earnings results on Monday, May 11th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.30. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.78 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%. Research analysts predict that Fox Corporation will post 4.76 EPS for the current fiscal year.
FOX Company Profile
Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.
FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.
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