Liberty Media Corporation - Liberty Formula One Series C $FWONK Stock Position Trimmed by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors trimmed its stake in Liberty Media — Formula One Series C by 19.5%, selling 33,845 shares and now holding 139,822 shares valued at about $13.77 million, making FWONK its 7th largest holding.
• Institutional ownership is high at 92.26%, with other funds actively reshuffling positions — notably Cantillon Capital opened a new stake worth roughly $121.8 million while Allspring and Assenagon increased their holdings.
• Analysts’ consensus rates FWONK as a Moderate Buy with an average price target of $111.78, despite mixed recent actions such as Bernstein’s upgrade and JPMorgan lowering its target to $115.

Cooper Investors PTY Ltd. trimmed its holdings in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,822 shares of the company's stock after selling 33,845 shares during the period. Liberty Media Corporation - Liberty Formula One Series C accounts for approximately 4.6% of Cooper Investors PTY Ltd.'s holdings, making the stock its 7th largest holding. Cooper Investors PTY Ltd. owned approximately 0.06% of Liberty Media Corporation - Liberty Formula One Series C worth $13,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Liberty Media Corporation - Liberty Formula One Series C by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company's stock valued at $20,871,000 after acquiring an additional 10,620 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter worth about $1,255,000. Banco Santander S.A. purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 3rd quarter worth about $1,685,000. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 79.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 85,657 shares of the company's stock valued at $8,947,000 after purchasing an additional 38,054 shares in the last quarter. Finally, Cantillon Capital Management LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 3rd quarter valued at about $121,803,000. Hedge funds and other institutional investors own 92.26% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Monday, December 29th. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Wall Street Zen downgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. dropped their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $122.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 19th. Finally, Wells Fargo & Company raised shares of Liberty Media Corporation - Liberty Formula One Series C from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $93.00 to $95.00 in a research note on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C presently has an average rating of "Moderate Buy" and an average price target of $111.78.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Liberty Media Corporation - Liberty Formula One Series C stock opened at $81.63 on Monday. The firm has a market capitalization of $18.29 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 14.66 and a beta of 0.44. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The stock's 50 day moving average price is $86.44 and its 200 day moving average price is $94.01.

Liberty Media Corporation - Liberty Formula One Series C Company Profile

Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK is a tracking stock that represents Liberty Media's economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world's largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.

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