Cwm LLC Boosts Stock Position in Fox Co. (NASDAQ:FOX)

Cwm LLC lifted its position in Fox Co. (NASDAQ:FOX) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,486 shares of the company’s stock after purchasing an additional 543 shares during the quarter. Cwm LLC’s holdings in FOX were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOX. QRG Capital Management Inc. purchased a new position in shares of FOX during the 3rd quarter valued at about $10,366,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in FOX by 377.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 359,678 shares of the company’s stock worth $9,945,000 after acquiring an additional 284,353 shares during the period. Nomura Holdings Inc. raised its position in FOX by 4.9% during the third quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company’s stock valued at $169,901,000 after acquiring an additional 274,982 shares in the last quarter. UBS Group AG lifted its holdings in FOX by 87.1% in the third quarter. UBS Group AG now owns 471,179 shares of the company’s stock valued at $13,608,000 after acquiring an additional 219,315 shares during the period. Finally, Bank of Nova Scotia boosted its position in FOX by 208.7% in the 3rd quarter. Bank of Nova Scotia now owns 253,398 shares of the company’s stock worth $7,318,000 after purchasing an additional 171,320 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Price Performance

NASDAQ:FOX opened at $30.59 on Thursday. The stock has a market capitalization of $14.53 billion, a PE ratio of 18.10 and a beta of 0.82. The stock’s 50-day moving average price is $28.11 and its 200-day moving average price is $28.13. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. Fox Co. has a 52 week low of $25.82 and a 52 week high of $33.24.

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

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.

FOX 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.