Kentucky Retirement Systems Sells 750 Shares of Fox Co. (NASDAQ:FOX)

Kentucky Retirement Systems cut its holdings in Fox Co. (NASDAQ:FOX) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,191 shares of the company’s stock after selling 750 shares during the period. Kentucky Retirement Systems’ holdings in FOX were worth $357,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in FOX by 23.8% in the third quarter. Empowered Funds LLC now owns 22,167 shares of the company’s stock worth $860,000 after purchasing an additional 4,258 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in FOX by 7.8% in the third quarter. CIBC Asset Management Inc now owns 22,381 shares of the company’s stock worth $868,000 after purchasing an additional 1,623 shares in the last quarter. ING Groep NV boosted its holdings in FOX by 31.1% in the third quarter. ING Groep NV now owns 961,944 shares of the company’s stock worth $37,323,000 after purchasing an additional 228,392 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in FOX in the third quarter worth $238,000. Finally, Regal Partners Ltd boosted its holdings in FOX by 30.3% in the third quarter. Regal Partners Ltd now owns 667,049 shares of the company’s stock worth $25,882,000 after purchasing an additional 154,924 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FOX has been the subject of a number of recent analyst reports. Barclays upgraded shares of FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

FOX Stock Up 1.1 %

FOX stock opened at $43.21 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 52-week low of $25.82 and a 52-week high of $44.42. The company has a 50-day moving average of $39.24 and a two-hundred day moving average of $35.65. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.64 and a beta of 0.81.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Nallen sold 182,481 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

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.