Junto Capital Management LP Raises Holdings in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Junto Capital Management increased its FWONK stake by 178.1% in the second quarter, adding 1.09 million shares to own 1.71 million shares valued at approximately $162.4 million. Institutional investors collectively hold 92.26% of the stock.
• FWONK opened at $96.80, with a market capitalization of $21.72 billion and a 52-week range of $80.15 to $109.36. The company’s latest quarterly results missed expectations, reporting $0.02 in EPS versus a $0.24 consensus and revenue of $934 million versus $952.78 million expected.
• Analyst sentiment remains moderately positive, with five Buy ratings and three Holds and a consensus price target of $117.57, despite some negative commentary. Recent targets range from $115 to $125, while an insider separately sold 11,597 shares.

Junto Capital Management LP increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 178.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,707,281 shares of the company's stock after purchasing an additional 1,093,372 shares during the quarter. Liberty Media Corporation - Liberty Formula One Series C comprises about 2.9% of Junto Capital Management LP's portfolio, making the stock its 3rd biggest holding. Junto Capital Management LP owned 0.76% of Liberty Media Corporation - Liberty Formula One Series C worth $162,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FWONK. Zions Bancorporation National Association UT raised its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 172.5% during the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company's stock worth $29,000 after buying an additional 188 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter valued at approximately $32,000. Advisory Services Network LLC bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the third quarter valued at approximately $34,000. Headlands Technologies LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at approximately $38,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at approximately $39,000. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $96.80 on Thursday. The stock has a market capitalization of $21.72 billion, a price-to-earnings ratio of 142.35 and a beta of 0.43. 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 has a 50 day moving average price of $99.85 and a 200 day moving average price of $92.41.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $952.78 million. On average, sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 2 EPS for the current fiscal year.

Insider Activity

In related news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 4.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein upped their target price on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Wall Street Zen cut Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 8th. Bank of America boosted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, July 6th. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.57.

Liberty Media Corporation - Liberty Formula One Series C Profile

Liberty Media Corporation's Liberty Formula One Group, represented by the Series C Liberty Formula One common stock NASDAQ: FWONK, is a tracking-stock group tied primarily to the company's interests in Formula 1. The group's principal business is the ownership and operation of the Formula 1 racing series, including its commercial rights, media and broadcasting activities, race promotion, sponsorship programs and digital products.

Formula 1 organizes the FIA Formula One World Championship, an international motorsport series featuring races hosted in markets across Europe, North America, Asia, the Middle East and other regions.

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