M & L Capital Management Ltd Has $9.27 Million Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• M & L Capital Management Ltd increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 7.5%, owning a total of 88,665 shares valued at approximately $9.27 million.
• Liberty Media's stock had a strong quarterly performance, reporting $1.52 EPS which exceeded estimates, alongside $1.34 billion in revenue.
• Several analysts have raised their price targets for Liberty Media, with an average price target of $111.22 and ratings ranging from Buy to Hold, indicating potential growth.

M & L Capital Management Ltd raised its position in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,665 shares of the company's stock after buying an additional 6,215 shares during the period. Liberty Media Corporation - Liberty Formula One Series C comprises 2.1% of M & L Capital Management Ltd's portfolio, making the stock its 12th biggest position. M & L Capital Management Ltd's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $9,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GW&K Investment Management LLC acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the first quarter valued at approximately $25,000. Versant Capital Management Inc increased 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 valued at $194,000 after purchasing an additional 2,013 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.3% in the first 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 in the last quarter. Allstate Corp increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 33.8% in the first quarter. Allstate Corp now owns 8,253 shares of the company's stock valued at $743,000 after purchasing an additional 2,087 shares in the last quarter. Finally, Praxis Investment Management Inc. increased its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 92.26% of the company's stock.

Insider Buying and Selling

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 5,651 shares of company stock valued at $572,250. 4.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FWONK has been the subject of a number of research reports. Rosenblatt Securities raised their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. 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. Bank of America started coverage on shares of 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. Guggenheim lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.22.

Liberty Media Corporation - Liberty Formula One Series C Trading Down 0.3%

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.27 during trading on Friday, hitting $103.42. 216,554 shares of the stock were exchanged, compared to its average volume of 1,152,260. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 101.46 and a beta of 0.46. The company has a fifty day moving average price of $100.80 and a 200-day moving average price of $95.37. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.71. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities research analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Liberty Media Corporation - Liberty Formula One Series C 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.