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

Harel Insurance Investments & Financial Services Ltd. trimmed its position in Fox Co. (NASDAQ:FOX) by 13.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,624 shares of the company’s stock after selling 260 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in FOX were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after buying an additional 300 shares during the last quarter. MBB Public Markets I LLC raised its stake in FOX by 4.4% in the 2nd quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock valued at $337,000 after acquiring an additional 440 shares during the period. Glenmede Trust Co. NA lifted its holdings in FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in FOX by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after purchasing an additional 457 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of FOX by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock worth $2,981,000 after purchasing an additional 538 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Stock Up 1.1 %

Shares of NASDAQ FOX opened at $46.55 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a market cap of $21.26 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.66 and a beta of 0.81. Fox Co. has a 52 week low of $25.82 and a 52 week high of $47.80. The business has a 50-day simple moving average of $45.39 and a two-hundred day simple moving average of $40.30.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.35. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.37 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the prior year, the firm posted $1.09 earnings per share. Research analysts anticipate that Fox Co. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays upgraded shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Moffett Nathanson cut shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Insiders Place Their Bets

In other FOX news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the firm’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. Insiders have sold 1,053,505 shares of company stock worth $47,705,970 in the last three months. 23.06% of the stock is currently owned by corporate insiders.

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.