Fox Corporation (NASDAQ:FOXA) marched up 8.35% compared to a 52-week low price of $33.78. The shares were last seen trading 1.05% higher, taking the closing price at $36.6 on 7/24/2019. At a recent session, the prices were hovering between $36.13 and $36.86. This company shares are 17.7% off its target price of $43.08 and the current market capitalization stands at $22.8B. The recent change has given its price a 1.51% lead over SMA 50 and -12.75% deficit over its 52-week high. The stock witnessed 2.23% gains, -3.58% declines and 0% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FOXA’s volatility during a week at 1.77% and during a month it has been found around 1.92%.
What Does Fox Corporation (FOXA) Do?
The company describes itself in regulatory filings as, “Fox Corp. delivers compelling news, sports and entertainment content. It provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations. The company is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/FOXA/profile under company description.]Fox Corporation (FOXA) Top Holders
Institutional investors currently hold around $11.54 billion or 92.1% in FOXA stock. Look at its top three institutional owners: Baupost Group Llc/Ma owns $989.63 million in Fox Corporation, which represents roughly 4.34% of the company’s market cap and approximately 8.58% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 25,389,635 shares of the stock are valued at $919.61 million. The third largest holder is Blackrock Inc., which currently holds $714.59 million worth of this stock and that ownership represents nearly 3.13% of its market capitalization.Fox Corporation 13F Filings
At the end of March reporting period, 503 institutional holders increased their position in Fox Corporation (NASDAQ:FOXA) by some 316,030,744 shares, 29 decreased positions by 351,258 and 13 held positions by 2,089,068. That puts total institutional holdings at 318,471,070 shares, according to SEC filings. The stock grabbed 490 new institutional investments totaling 315,305,060 shares while 13 institutional investors sold out their entire positions totaling 84,415 shares.