Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Hits New 1-Year High - What's Next?

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $102.36 and last traded at $102.40, with a volume of 779803 shares trading hands. The stock had previously closed at $99.21.

Analyst Ratings Changes

A number of research firms have commented on FWONK. Morgan Stanley reduced their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Seaport Res Ptn upgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 16th. JPMorgan Chase & Co. lifted their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen lowered shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Susquehanna began coverage on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Monday, April 28th. They issued a "positive" rating and a $115.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C has an average rating of "Hold" and a consensus price target of $100.83.

Liberty Media Corporation - Liberty Formula One Series C Trading Up 1.5%

The firm has a market cap of $25.81 billion, a price-to-earnings ratio of -258.65 and a beta of 0.42. The firm's 50 day simple moving average is $93.44 and its two-hundred day simple moving average is $92.33.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.23. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $440.80 million. As a group, equities research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Chase Carey sold 50,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.60, for a total value of $4,730,000.00. Following the completion of the transaction, the director now directly owns 93,102 shares in the company, valued at approximately $8,807,449.20. The trade was a 34.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.31% of the company's stock.

Institutional Trading of Liberty Media Corporation - Liberty Formula One Series C

Several large investors have recently made changes to their positions in the company. Hahn Capital Management LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 47.7% during the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company's stock worth $6,226,000 after buying an additional 21,699 shares during the last quarter. Allstate Corp bought a new position in Liberty Media Corporation - Liberty Formula One Series C in the fourth quarter valued at about $571,000. Greenwood Gearhart Inc. raised its stake in Liberty Media Corporation - Liberty Formula One Series C by 2.7% during the fourth quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock worth $16,764,000 after acquiring an additional 4,761 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after acquiring an additional 4,897 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after acquiring an additional 6,297 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company's stock.

About Liberty Media Corporation - Liberty Formula One Series C

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.