Russell Investments Group Ltd. Raises Holdings in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Russell Investments Group Ltd. increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 22.7%, owning about 0.06% of the company valued at $11.57 million after acquiring additional shares in the first quarter.
• The stock opened at $99.43, with a market capitalization of $22.24 billion, and has experienced a 1-year high of $106.26 and a low of $74.34.
• Recent analyst ratings are generally positive, with firms like Goldman Sachs and JPMorgan upgrading their price targets, indicating a consensus rating of "Moderate Buy" with a target price of $109.89.

Russell Investments Group Ltd. raised its holdings in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 22.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,702 shares of the company's stock after acquiring an additional 23,809 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Liberty Media Corporation - Liberty Formula One Series C worth $11,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FWONK. California State Teachers Retirement System grew its position in 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 acquiring an additional 6,297 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Liberty Media Corporation - Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock valued at $37,529,000 after acquiring an additional 4,897 shares during the last quarter. Versant Capital Management Inc grew its position in Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% in the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock valued at $194,000 after acquiring an additional 2,013 shares during the last quarter. Praxis Investment Management Inc. grew its position in Liberty Media Corporation - Liberty Formula One Series C by 10.7% in the 1st quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company's stock valued at $888,000 after acquiring an additional 950 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Liberty Media Corporation - Liberty Formula One Series C by 22.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company's stock valued at $382,000 after acquiring an additional 779 shares during the last quarter. Institutional investors own 92.26% of the company's stock.

Analyst Upgrades and Downgrades

FWONK has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on Liberty Media Corporation - Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group increased their price target on Liberty Media Corporation - Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. 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 report on Friday, August 8th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Tuesday, July 22nd. Finally, Wall Street Zen cut Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.22.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

Liberty Media Corporation - Liberty Formula One Series C stock traded up $0.14 during midday trading on Thursday, reaching $101.81. The company's stock had a trading volume of 420,742 shares, compared to its average volume of 1,180,683. The stock's 50-day simple moving average is $101.41 and its 200-day simple moving average is $94.86. Liberty Media Corporation - Liberty Formula One Series C has a 52-week low of $74.34 and a 52-week high of $106.26. The stock has a market capitalization of $22.77 billion, a P/E ratio of 99.99 and a beta of 0.46.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.71. The business had revenue of $1.34 billion during 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 earnings per share for the current fiscal year.

About Liberty Media Corporation - Liberty Formula One Series C

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.