California State Teachers Retirement System Has $34.78 Million Stock Holdings in Liberty Media Corporation - Liberty Formula One Series C $FWONK

California State Teachers Retirement System trimmed its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,542 shares of the company's stock after selling 519 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Liberty Media Corporation - Liberty Formula One Series C worth $34,777,666 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FWONK. Janus Henderson Group PLC increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 2.9% in the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company's stock valued at $925,299,000 after acquiring an additional 302,191 shares during the period. Jericho Capital Asset Management L.P. increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 17.8% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company's stock valued at $447,471,000 after acquiring an additional 688,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 26.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,665,090 shares of the company's stock valued at $396,626,000 after acquiring an additional 981,047 shares during the period. Geode Capital Management LLC boosted its stake in Liberty Media Corporation - Liberty Formula One Series C by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company's stock worth $391,290,000 after buying an additional 36,599 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 43.2% in the 1st quarter. Bank of America Corp DE now owns 4,561,809 shares of the company's stock valued at $387,845,000 after buying an additional 1,376,984 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 0.7%

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.68 on Tuesday, hitting $94.72. 765,043 shares of the company were exchanged, compared to its average volume of 2,035,150. The company has a 50-day moving average price of $99.65 and a 200 day moving average price of $92.56. 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 stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of 139.15 and a beta of 0.43.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $952.78 million. Research analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded 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. JPMorgan Chase & Co. lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, August 7th. UBS Group increased their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Finally, Bank of America lifted their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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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