Tokio Marine Asset Management Co. Ltd. Takes Position in Fox Co. (NASDAQ:FOX)

Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Fox Co. (NASDAQ:FOX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,142 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in shares of FOX during the 2nd quarter valued at $65,709,000. Independent Franchise Partners LLP raised its position in FOX by 14.5% in the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after acquiring an additional 636,247 shares during the period. Regal Partners Ltd purchased a new position in FOX in the second quarter valued at about $16,398,000. Dimensional Fund Advisors LP grew its position in shares of FOX by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock valued at $74,483,000 after acquiring an additional 272,743 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of FOX by 867.4% during the 2nd quarter. Edgestream Partners L.P. now owns 304,088 shares of the company’s stock worth $9,737,000 after purchasing an additional 272,656 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FOX has been the topic of a number of research reports. Barclays raised shares of 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.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Nallen sold 182,481 shares of the 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 in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Price Performance

NASDAQ FOX opened at $42.87 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 $19.73 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.81. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.42. The firm’s 50-day simple moving average is $39.00 and its two-hundred day simple moving average is $35.37.

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.