New York State Common Retirement Fund Sells 11,185 Shares of Fox Co. (NASDAQ:FOX)

New York State Common Retirement Fund decreased its holdings in shares of Fox Co. (NASDAQ:FOX) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,926 shares of the company’s stock after selling 11,185 shares during the quarter. New York State Common Retirement Fund’s holdings in FOX were worth $3,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOX. CWM LLC increased its holdings in shares of FOX by 27.9% during the 4th quarter. CWM LLC now owns 2,486 shares of the company’s stock worth $69,000 after purchasing an additional 543 shares during the period. abrdn plc increased its stake in FOX by 69.2% during the fourth quarter. abrdn plc now owns 56,137 shares of the company’s stock valued at $1,552,000 after acquiring an additional 22,956 shares during the period. Federated Hermes Inc. raised its holdings in FOX by 148.7% in the 4th quarter. Federated Hermes Inc. now owns 3,245 shares of the company’s stock valued at $90,000 after acquiring an additional 1,940 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of FOX by 286.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock worth $32,000 after acquiring an additional 860 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of FOX by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,727 shares of the company’s stock worth $463,000 after purchasing an additional 1,116 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet lowered FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.

FOX Price Performance

NASDAQ:FOX opened at $30.02 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The company has a 50-day moving average of $27.98 and a 200-day moving average of $28.10. Fox Co. has a 52 week low of $25.82 and a 52 week high of $33.24. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 17.76 and a beta of 0.82.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.23. FOX had a net margin of 5.75% and a return on equity of 15.81%. The firm had revenue of $4.23 billion during the quarter. During the same quarter in the prior year, the business earned $0.48 EPS.

FOX Company Profile

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 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.