Cooper Investors PTY Ltd. Raises Stake in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Cooper Investors PTY Ltd. increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 6.6% in Q2, now holding 202,538 shares valued at approximately $21.17 million.
• The stock has received mixed ratings from analysts, with a consensus of a "Moderate Buy" and an average price target of $111.22.
• Insiders have recently sold a total of 5,651 shares of the company, indicating potential shifts in confidence, with insiders holding only 4.31% of the stock post-transactions.

Cooper Investors PTY Ltd. raised its position in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 6.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 202,538 shares of the company's stock after acquiring an additional 12,580 shares during the period. Liberty Media Corporation - Liberty Formula One Series C comprises 3.9% of Cooper Investors PTY Ltd.'s portfolio, making the stock its 7th biggest position. Cooper Investors PTY Ltd. owned about 0.08% of Liberty Media Corporation - Liberty Formula One Series C worth $21,165,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Liberty Media Corporation - Liberty Formula One Series C by 22.7% in the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock valued at $11,570,000 after acquiring an additional 23,809 shares in the last quarter. Strs Ohio bought a new stake in Liberty Media Corporation - Liberty Formula One Series C in the 1st quarter valued at approximately $2,370,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the 1st quarter worth approximately $999,000. M & L Capital Management Ltd increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 7.5% during the 2nd quarter. M & L Capital Management Ltd now owns 88,665 shares of the company's stock worth $9,265,000 after purchasing an additional 6,215 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after purchasing an additional 4,897 shares during the last quarter. Institutional investors own 92.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Liberty Media Corporation - Liberty Formula One Series C from $87.00 to $86.00 and set an "underweight" rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group increased their target price on Liberty Media Corporation - Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Susquehanna raised their price objective on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Finally, Zacks Research lowered Liberty Media Corporation - Liberty Formula One Series C from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.22.

Insider Buying and Selling

In other Liberty Media Corporation - Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director owned 1,781 shares of the company's stock, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 5,651 shares of company stock valued at $572,250 over the last ninety days. Company insiders own 4.31% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.01 during midday trading on Friday, reaching $103.67. The company had a trading volume of 1,995,375 shares, compared to its average volume of 883,953. The stock has a fifty day moving average price of $100.81 and a 200 day moving average price of $95.47. The firm has a market cap of $23.18 billion, a PE ratio of 101.64 and a beta of 0.46. Liberty Media Corporation - Liberty Formula One Series C has a fifty-two week low of $74.34 and a fifty-two week high of $106.26.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current year.

Liberty Media Corporation - Liberty Formula One Series C Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.