Teachers Retirement System of The State of Kentucky Lowers Holdings in Fox Co. (NASDAQ:FOX)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Fox Co. (NASDAQ:FOX) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,107 shares of the company’s stock after selling 921 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FOX were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOX. Blue Trust Inc. boosted its stake in shares of FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after acquiring an additional 1,232 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in FOX by 1,033.1% during the second quarter. Nisa Investment Advisors LLC now owns 61,414 shares of the company’s stock worth $1,966,000 after acquiring an additional 55,994 shares during the last quarter. State of Michigan Retirement System grew its stake in FOX by 1.1% during the 2nd quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock valued at $1,458,000 after acquiring an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in FOX by 47.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock valued at $22,554,000 after acquiring an additional 227,194 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in FOX by 40.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,232 shares of the company’s stock worth $15,473,000 after purchasing an additional 139,849 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,053,505 shares of company stock worth $47,705,970. 23.06% of the stock is currently owned by company insiders.

FOX Trading Down 1.2 %

FOX opened at $45.97 on Friday. The business’s 50 day moving average price is $42.12 and its 200 day moving average price is $37.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a market capitalization of $21.00 billion, a PE ratio of 11.24, a P/E/G ratio of 1.58 and a beta of 0.83. Fox Co. has a one year low of $25.82 and a one year high of $47.80.

Analyst Ratings Changes

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

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.