IFM Investors Pty Ltd raised its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,570 shares of the company's stock after purchasing an additional 4,675 shares during the quarter. IFM Investors Pty Ltd's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $4,135,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of FWONK. California State Teachers Retirement System boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock valued at $32,518,000 after purchasing an additional 6,297 shares during the last quarter. Cooper Investors PTY Ltd. grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 6.6% in the second quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company's stock valued at $21,165,000 after buying an additional 12,580 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock worth $11,570,000 after purchasing an additional 23,809 shares during the last quarter. M & L Capital Management Ltd raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 7.5% in the 2nd quarter. M & L Capital Management Ltd now owns 88,665 shares of the company's stock valued at $9,265,000 after purchasing an additional 6,215 shares during the period. Finally, Voya Investment Management LLC increased its position in Liberty Media Corporation - Liberty Formula One Series C by 25.8% during the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company's stock worth $5,618,000 after buying an additional 12,817 shares during the last quarter. Institutional investors own 92.26% of the company's stock.
Liberty Media Corporation - Liberty Formula One Series C Stock Down 0.8%
NASDAQ:FWONK traded down $0.87 during trading hours on Monday, hitting $102.80. 814,162 shares of the company traded hands, compared to its average volume of 949,428. The company has a market cap of $22.99 billion, a PE ratio of 100.79 and a beta of 0.46. The firm's 50-day simple moving average is $100.80 and its 200-day simple moving average is $95.59. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $74.34 and a one year high of $106.26.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. As a group, equities research analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current year.
Insiders Place Their Bets
In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the transaction, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. The trade was a 33.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 5,651 shares of company stock valued at $572,250.
Wall Street Analyst Weigh In
FWONK has been the topic of a number of research analyst reports. Bank of America began coverage on Liberty Media Corporation - Liberty Formula One Series C in a research note on Monday, August 4th. They issued a "neutral" rating and a $110.00 price target on the stock. Rosenblatt Securities boosted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research note on Wednesday, June 4th. Guggenheim lifted their target price on Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Zacks Research downgraded shares of 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 investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $111.22.
Check Out Our Latest Analysis on Liberty Media Corporation - Liberty Formula One Series C
Liberty Media Corporation - Liberty Formula One Series C Profile
(
Free Report)
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.
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