Citigroup Inc. Sells 524,112 Shares of Fox Co. (NASDAQ:FOX)

Citigroup Inc. lowered its holdings in shares of Fox Co. (NASDAQ:FOX) by 44.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 657,482 shares of the company’s stock after selling 524,112 shares during the quarter. Citigroup Inc. owned approximately 0.14% of FOX worth $25,510,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FOX. Assenagon Asset Management S.A. bought a new stake in shares of FOX during the second quarter valued at approximately $65,709,000. Independent Franchise Partners LLP increased its holdings in FOX by 14.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after acquiring an additional 636,247 shares during the last quarter. Regal Partners Ltd purchased a new stake in FOX in the 2nd quarter worth $16,398,000. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 272,743 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings 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 valued at $9,737,000 after purchasing an additional 272,656 shares during the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FOX shares. Barclays upgraded FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

FOX Price Performance

NASDAQ:FOX opened at $43.71 on Tuesday. The firm has a market capitalization of $19.96 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.70 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The business has a 50 day simple moving average of $39.84 and a 200-day simple moving average of $36.03. Fox Co. has a 1 year low of $25.82 and a 1 year high of $44.66.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the sale, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.

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.