Amundi boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 36.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 759,738 shares of the company's stock after acquiring an additional 201,643 shares during the quarter. Amundi owned 0.34% of Liberty Media Corporation - Liberty Formula One Series C worth $64,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its position in Liberty Media Corporation - Liberty Formula One Series C by 13.4% during the 1st quarter. Royal Bank of Canada now owns 611,807 shares of the company's stock worth $52,015,000 after acquiring an additional 72,334 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Liberty Media Corporation - Liberty Formula One Series C by 26.6% in the first quarter. The Manufacturers Life Insurance Company now owns 4,665,090 shares of the company's stock valued at $396,626,000 after purchasing an additional 981,047 shares during the last quarter. Hawk Ridge Capital Management LP boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 38.9% during the first quarter. Hawk Ridge Capital Management LP now owns 1,849,660 shares of the company's stock valued at $157,258,000 after purchasing an additional 518,300 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 55.5% during the first quarter. Quantinno Capital Management LP now owns 310,148 shares of the company's stock valued at $26,369,000 after purchasing an additional 110,669 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the first quarter valued at approximately $51,012,000. 92.26% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FWONK has been the subject of several analyst reports. Sanford C. Bernstein increased their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $119.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. Wells Fargo & Company boosted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $89.00 to $97.00 and gave the company an "equal weight" rating in a research report on Friday, May 8th. Guggenheim upped their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Wednesday. Finally, UBS Group cut their target price on Liberty Media Corporation - Liberty Formula One Series C from $107.00 to $104.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C has a consensus rating of "Moderate Buy" and a consensus target price of $114.00.
Check Out Our Latest Research Report on FWONK
Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series C
In related news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director owned 94,356 shares of the company's stock, valued at $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Renee L. Wilm sold 11,597 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The disclosure for this sale is available in the SEC filing.
Liberty Media Corporation - Liberty Formula One Series C Price Performance
Shares of NASDAQ FWONK opened at $98.13 on Monday. Liberty Media Corporation - Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36. The company's 50-day moving average is $93.97 and its 200 day moving average is $89.83. The stock has a market capitalization of $21.99 billion, a P/E ratio of 45.01 and a beta of 0.43.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million for the quarter, compared to analysts' expectations of $683.42 million. Research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.93 earnings per share for the current year.
About Liberty Media Corporation - Liberty Formula One Series C
(
Free Report)
Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK is a tracking stock that represents Liberty Media's economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world's largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.
The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.
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