Baird Financial Group Inc. Boosts Stock Holdings in Fox Co. (NASDAQ:FOX)

Baird Financial Group Inc. increased its position in shares of Fox Co. (NASDAQ:FOXGet Rating) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,754 shares of the company’s stock after purchasing an additional 891 shares during the period. Baird Financial Group Inc.’s holdings in FOX were worth $259,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in FOX by 1.4% during the first quarter. Arizona State Retirement System now owns 41,627 shares of the company’s stock worth $1,510,000 after buying an additional 562 shares during the period. IFG Advisory LLC acquired a new stake in shares of FOX in the first quarter valued at approximately $684,000. Envestnet Asset Management Inc. grew its position in shares of FOX by 67.9% in the first quarter. Envestnet Asset Management Inc. now owns 132,106 shares of the company’s stock valued at $4,793,000 after purchasing an additional 53,435 shares during the last quarter. NINE MASTS CAPITAL Ltd grew its position in shares of FOX by 8.6% in the first quarter. NINE MASTS CAPITAL Ltd now owns 1,112,762 shares of the company’s stock valued at $40,371,000 after purchasing an additional 88,126 shares during the last quarter. Finally, Balentine LLC grew its position in shares of FOX by 257.0% in the first quarter. Balentine LLC now owns 3,641 shares of the company’s stock valued at $132,000 after purchasing an additional 2,621 shares during the last quarter. 23.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Credit Suisse Group lowered their price target on shares of FOX from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Thursday, August 11th.

FOX Stock Up 0.4 %

Shares of NASDAQ FOX opened at $29.25 on Thursday. Fox Co. has a 1 year low of $26.35 and a 1 year high of $40.91. The firm’s 50 day moving average price is $28.73 and its 200 day moving average price is $30.39. The firm has a market cap of $15.87 billion, a P/E ratio of 14.63 and a beta of 0.87. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.16 and a current ratio of 3.60.

FOX Company Profile

(Get Rating)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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