Handelsbanken Fonder AB Purchases 43,816 Shares of Fox Co. (NASDAQ:FOX)

Handelsbanken Fonder AB lifted its position in Fox Co. (NASDAQ:FOX) by 187.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 67,200 shares of the company’s stock after acquiring an additional 43,816 shares during the quarter. Handelsbanken Fonder AB’s holdings in FOX were worth $3,542,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in FOX by 36.3% during the first quarter. GAMMA Investing LLC now owns 8,972 shares of the company’s stock valued at $473,000 after buying an additional 2,388 shares during the period. CMC Financial Group grew its position in FOX by 5.9% during the first quarter. CMC Financial Group now owns 5,618 shares of the company’s stock valued at $296,000 after buying an additional 311 shares during the period. Crestmont Private Wealth LLC bought a new position in FOX during the first quarter valued at about $230,000. Merit Financial Group LLC bought a new position in FOX during the first quarter valued at about $715,000. Finally, Czech National Bank grew its position in FOX by 5.9% during the first quarter. Czech National Bank now owns 30,301 shares of the company’s stock valued at $1,597,000 after buying an additional 1,691 shares during the period. Institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the sale, the chief financial officer now directly owns 133,923 shares of the company’s stock, valued at $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 23.06% of the company’s stock.

FOX Price Performance

FOX opened at $49.30 on Friday. The firm has a market cap of $22.17 billion, a P/E ratio of 10.56, a PEG ratio of 1.55 and a beta of 0.56. The firm has a 50-day moving average of $48.13 and a 200 day moving average of $48.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a fifty-two week low of $30.51 and a fifty-two week high of $55.00.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. On average, research analysts expect that Fox Co. will post 4.25 EPS for the current year.

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.