Liberty Media Corporation - Liberty Formula One Series C $FWONK Stock Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 78.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,552 shares of the company's stock after selling 602,422 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Liberty Media Corporation - Liberty Formula One Series C worth $15,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Allied Private Wealth LLC purchased a new position in Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter worth about $32,000. Anchor Investment Management LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at approximately $39,000. V Square Quantitative Management LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the first quarter valued at approximately $51,000. Oslo Pensjonsforsikring AS purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the first quarter valued at approximately $58,000. Finally, Allworth Financial LP lifted its position in Liberty Media Corporation - Liberty Formula One Series C by 567.6% during the second quarter. Allworth Financial LP now owns 968 shares of the company's stock valued at $92,000 after purchasing an additional 823 shares during the period. Institutional investors own 92.26% of the company's stock.

Wall Street Analyst Weigh In

FWONK has been the topic of a number of recent research reports. Wall Street Zen downgraded Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "strong sell" rating in a report on Sunday, October 11th. Bank of America boosted their price target on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Sanford C. Bernstein boosted their price target on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $119.00 and gave the company an "outperform" rating in a research note on Tuesday, July 28th. Jefferies Financial Group initiated coverage on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Wednesday, September 9th. They set a "buy" rating and a $115.00 price target for the company. Finally, Guggenheim increased their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

FWONK opened at $89.93 on Tuesday. The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 133.54 and a beta of 0.46. The firm's fifty day moving average is $97.02 and its 200 day moving average is $94.03. Liberty Media Corporation - Liberty Formula One Series C has a fifty-two week low of $80.15 and a fifty-two week high of $107.31.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to analysts' expectations of $952.78 million. On average, equities research analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 2.00 earnings per share for the current year.

Liberty Media Corporation - Liberty Formula One Series C Company Profile

Liberty Media Corporation's Liberty Formula One Series C tracking stock represents an economic interest in the company's Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport's international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.

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