Liberty Media Corporation - Liberty Formula One Series C $FWONK Stock Position Lowered by Hahn Capital Management LLC

Key Points

• Hahn Capital Management LLC reduced its stake in Liberty Media Corporation - Liberty Formula One Series C by 9.1%, now holding 61,088 shares valued at approximately $5.5 million.
• Liberty Media reported a quarterly earnings per share (EPS) of $1.52, significantly beating the consensus estimate of $0.81, and generated revenue of $1.34 billion.
• A number of analysts have expressed positive sentiment towards the stock, with price targets raised to as high as $120.00, while maintaining a consensus rating of “Moderate Buy.”

Hahn Capital Management LLC cut its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,088 shares of the company's stock after selling 6,109 shares during the period. Liberty Media Corporation - Liberty Formula One Series C accounts for about 2.7% of Hahn Capital Management LLC's portfolio, making the stock its 22nd biggest position. Hahn Capital Management LLC's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the 1st quarter worth $25,000. Versant Capital Management Inc raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% in the first quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock worth $194,000 after buying an additional 2,013 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in Liberty Media Corporation - Liberty Formula One Series C by 22.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company's stock valued at $382,000 after purchasing an additional 779 shares during the last quarter. Allstate Corp raised its position in Liberty Media Corporation - Liberty Formula One Series C by 33.8% during the 1st quarter. Allstate Corp now owns 8,253 shares of the company's stock worth $743,000 after buying an additional 2,087 shares during the last quarter. Finally, Praxis Investment Management Inc. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 10.7% in the first quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company's stock valued at $888,000 after purchasing an additional 950 shares during the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

NASDAQ FWONK traded up $1.58 on Wednesday, reaching $102.08. The company had a trading volume of 361,554 shares, compared to its average volume of 1,155,759. The firm has a market capitalization of $22.83 billion, a PE ratio of 100.05 and a beta of 0.46. The firm has a 50-day moving average of $100.80 and a 200-day moving average of $95.26. Liberty Media Corporation - Liberty Formula One Series C has a 1 year low of $74.34 and a 1 year high of $106.26.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (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 analyst estimates of $1.28 billion. As a group, sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research lowered shares of Liberty Media Corporation - Liberty Formula One Series C from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. UBS Group increased their price target on shares of 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. Wall Street Zen cut Liberty Media Corporation - Liberty Formula One Series C from a "buy" rating to a "hold" rating in a research report on Saturday. Bank of America initiated coverage on Liberty Media Corporation - Liberty Formula One Series C in a research report on Monday, August 4th. They set a "neutral" rating and a $110.00 price target on the stock. Finally, The Goldman Sachs Group restated a "buy" rating and set a $120.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Tuesday, July 22nd. One equities research 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $111.22.

Insider Activity at Liberty Media Corporation - Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 5,651 shares of company stock valued at $572,250.

Liberty Media Corporation - Liberty Formula One Series C Company 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.