Choreo LLC Sells 7,705 Shares of Fox Corporation (NASDAQ:FOX)

Choreo LLC trimmed its position in shares of Fox Corporation (NASDAQ:FOX) by 58.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,518 shares of the company’s stock after selling 7,705 shares during the period. Choreo LLC’s holdings in FOX were worth $291,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc increased its stake in FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company’s stock worth $37,000 after purchasing an additional 572 shares during the period. CIBC Private Wealth Group LLC increased its stake in FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after purchasing an additional 522 shares during the period. O Shaughnessy Asset Management LLC increased its stake in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after purchasing an additional 608 shares during the period. Versant Capital Management Inc increased its stake in FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock worth $71,000 after purchasing an additional 1,031 shares during the period. Finally, Westpac Banking Corp increased its stake in FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after purchasing an additional 742 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of FOX stock opened at $51.31 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The business’s 50 day simple moving average is $50.88 and its two-hundred day simple moving average is $49.52. The stock has a market capitalization of $23.07 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. Fox Corporation has a one year low of $33.72 and a one year high of $55.00.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Analysts forecast that Fox Corporation will post 4.25 EPS for the current year.

Insider Activity

In other news, CFO Steven Tomsic sold 39,642 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the transaction, the chief financial officer directly owned 133,923 shares of the company’s stock, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.06% of the company’s stock.

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.