Liberty Media Corporation - Liberty Formula One Series C $FWONK Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Liberty Media Corporation - Liberty Formula One Series C by 4.4%, owning 382,584 shares worth approximately $39.98 million after selling 17,457 shares.
• Institutional investors own about 92.26% of the company's stock, indicating strong interest from larger financial entities.
• Liberty Media Corporation recently reported an earnings per share (EPS) of $1.52, exceeding analyst expectations of $0.81, with revenues totaling $1.34 billion for the quarter.

Public Employees Retirement System of Ohio cut its position in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 382,584 shares of the company's stock after selling 17,457 shares during the quarter. Public Employees Retirement System of Ohio owned 0.15% of Liberty Media Corporation - Liberty Formula One Series C worth $39,980,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $29,000. GW&K Investment Management LLC acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the first quarter worth $25,000. Western Pacific Wealth Management LP raised its holdings in Liberty Media Corporation - Liberty Formula One Series C by 71.4% during the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company's stock worth $125,000 after purchasing an additional 500 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter worth $222,000. Finally, 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 acquiring an additional 2,013 shares during the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

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

In other Liberty Media Corporation - Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director owned 1,781 shares of the company's stock, valued at approximately $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 5,651 shares of company stock valued at $572,250 over the last ninety days. 4.31% of the stock is owned by insiders.

Liberty Media Corporation - Liberty Formula One Series C Stock Up 1.7%

Shares of NASDAQ:FWONK opened at $104.78 on Thursday. The company has a market cap of $23.43 billion, a P/E ratio of 102.73 and a beta of 0.46. 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 business has a fifty day simple moving average of $100.91 and a 200-day simple moving average of $95.70.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings data 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. Sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FWONK. Bank of America began coverage on Liberty Media Corporation - Liberty Formula One Series C in a report on Monday, August 4th. They issued a "neutral" rating and a $110.00 price target for the company. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Rosenblatt Securities boosted their price target 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. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Tuesday, July 22nd. Finally, Guggenheim boosted their price target 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. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.22.

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.

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