Citigroup Inc. Grows Stock Position in Fox Co. (NASDAQ:FOX)

Citigroup Inc. grew its holdings in shares of Fox Co. (NASDAQ:FOX) by 531.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 524,383 shares of the company’s stock after purchasing an additional 441,396 shares during the quarter. Citigroup Inc.’s holdings in FOX were worth $16,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FOX. PNC Financial Services Group Inc. increased its position in shares of FOX by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,220 shares of the company’s stock valued at $733,000 after purchasing an additional 411 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of FOX by 12.7% during the 1st quarter. Natixis Advisors L.P. now owns 14,495 shares of the company’s stock valued at $526,000 after purchasing an additional 1,635 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of FOX by 22.2% during the 1st quarter. MetLife Investment Management LLC now owns 39,717 shares of the company’s stock valued at $1,441,000 after purchasing an additional 7,228 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of FOX by 39.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,978 shares of the company’s stock valued at $2,249,000 after purchasing an additional 17,416 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of FOX by 1.5% during the 1st quarter. BlackRock Inc. now owns 11,544,874 shares of the company’s stock valued at $418,847,000 after purchasing an additional 168,261 shares during the last quarter. Hedge funds and other institutional investors own 24.56% of the company’s stock.

FOX Price Performance

NASDAQ FOX opened at $28.64 on Tuesday. Fox Co. has a 52 week low of $26.20 and a 52 week high of $34.42. The firm has a market capitalization of $13.83 billion, a P/E ratio of 14.04 and a beta of 0.92. The company has a quick ratio of 1.81, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $28.51 and a 200-day moving average price of $29.88.

Insider Activity at FOX

In related news, insider Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $31.90, for a total transaction of $3,190,000.00. Following the completion of the transaction, the insider now directly owns 128,964 shares in the company, valued at approximately $4,113,951.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 19.21% of the stock is currently owned by corporate insiders.

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.