Jeff Ubben (Trades, Portfolio), CEO and chief investment officer of ValueAct Holding LP, has been a director of Twenty-First Century Fox Inc. Class B (NASDAQ:FOX) since November 2015. On Oct. 3, the guru purchased 3 million shares at $26.06 per share, according to the company’s Form 4 filing with the Securities and Exchange Commission. The insider transaction cost $78.18 million.
Fox’s institutional and insider ownership is 22.31% and 0.04%, respectively. As of June 30, Ubben and Donald Yacktman (Trades, Portfolio) own 47,326,334 and 27,975,629 respective shares of the entertainment company. Yacktman, who has the third largest stake in Fox, also owns over 40 million shares of FOX Class A stock. Continue Reading »