Crestline Management LP Acquires Shares of 10,883 Fox Co. (NASDAQ:FOX)

Crestline Management LP bought a new position in Fox Co. (NASDAQ:FOX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,883 shares of the company’s stock, valued at approximately $498,000.

Several other hedge funds have also recently made changes to their positions in the business. Yousif Capital Management LLC lifted its holdings in shares of FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock valued at $874,000 after purchasing an additional 212 shares in the last quarter. iA Global Asset Management Inc. increased its stake in FOX by 5.4% in the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock worth $311,000 after buying an additional 350 shares in the last quarter. Principal Securities Inc. raised its stake in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after purchasing an additional 362 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after buying an additional 522 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in FOX by 1.4% in the 4th quarter. Arizona State Retirement System now owns 41,054 shares of the company’s stock worth $1,878,000 after purchasing an additional 557 shares in the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson cut 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, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.06% of the stock is currently owned by company insiders.

FOX Price Performance

Shares of FOX stock opened at $46.72 on Friday. The company has a market capitalization 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. The company’s 50-day simple moving average is $47.64 and its two-hundred day simple moving average is $46.76. Fox Co. has a one year low of $30.10 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

About FOX

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.