Fox Co. (NASDAQ:FOX) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its stake in Fox Co. (NASDAQ:FOX) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,305 shares of the company’s stock after selling 884 shares during the quarter. MetLife Investment Management LLC’s holdings in FOX were worth $1,331,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Glenmede Trust Co. NA lifted its holdings in shares of FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the last quarter. Blue Trust Inc. grew its stake in shares of FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after buying an additional 1,232 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of FOX in the 2nd quarter valued at $51,000. Intact Investment Management Inc. acquired a new position in FOX in the 3rd quarter valued at about $74,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of FOX during the third quarter worth about $128,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Stock Performance

NASDAQ FOX opened at $44.64 on Friday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $40.96 and its two-hundred day moving average is $36.81. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.69 and a beta of 0.83. Fox Co. has a 12-month low of $25.82 and a 12-month high of $44.89.

Analyst Ratings Changes

Several brokerages have recently issued reports on FOX. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays raised FOX to a “hold” rating in a research note on Wednesday, October 9th.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,053,505 shares of company stock valued at $47,705,970. 23.06% of the stock is owned by company insiders.

FOX 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.