M & L Capital Management Ltd Has $10.24 Million Stake in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• M & L Capital Management raised its stake in Liberty Media - Formula One Series C (FWONK) by 17.3% to 103,965 shares, valued at $10.24 million, making it about 2.1% of the firm's portfolio and its 10th-largest holding.
• Institutional ownership is high at 92.26%, with several funds adding to positions—notably Swiss National Bank (640,800 shares, ~$66.96M), Ensign Peak, and JPMorgan (268,107 shares, ~$28.02M).
• Market and analyst outlook: FWONK traded around $82.74 (1-year range $75.26–$109.36) with a market cap of $18.54 billion, and analysts show a consensus "Moderate Buy" with a target price of $111.78.

M & L Capital Management Ltd increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,965 shares of the company's stock after acquiring an additional 15,300 shares during the quarter. Liberty Media Corporation - Liberty Formula One Series C comprises about 2.1% of M & L Capital Management Ltd's investment portfolio, making the stock its 10th largest position. M & L Capital Management Ltd's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $10,242,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its holdings in Liberty Media Corporation - Liberty Formula One Series C by 7.1% during the 2nd quarter. Creative Planning now owns 8,303 shares of the company's stock worth $868,000 after purchasing an additional 550 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 10.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 107,961 shares of the company's stock valued at $11,282,000 after purchasing an additional 10,141 shares during the last quarter. Swiss National Bank grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 7.6% during the 2nd quarter. Swiss National Bank now owns 640,800 shares of the company's stock worth $66,964,000 after buying an additional 45,200 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter worth approximately $345,000. Finally, JPMorgan Chase & Co. lifted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 268,107 shares of the company's stock valued at $28,022,000 after buying an additional 16,672 shares during the period. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

NASDAQ FWONK opened at $82.74 on Tuesday. 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 firm has a market cap of $18.54 billion, a P/E ratio of 37.61, a P/E/G ratio of 11.80 and a beta of 0.44. The stock's 50-day moving average is $87.00 and its 200-day moving average is $94.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FWONK shares. 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 price objective for the company from $93.00 to $95.00 in a research note on Friday, February 27th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and upped their target price for the company from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. cut their price target on Liberty Media Corporation - Liberty Formula One Series C from $122.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 19th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.78.

Liberty Media Corporation - Liberty Formula One Series C 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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