Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Forum Financial Management LP

Forum Financial Management LP trimmed its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 3.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,379 shares of the company’s stock after selling 143 shares during the period. Forum Financial Management LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. US Bancorp DE grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 1.9% during the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after purchasing an additional 110 shares in the last quarter. Blair William & Co. IL grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.0% during the 2nd quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after purchasing an additional 118 shares in the last quarter. GAMMA Investing LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 10.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after purchasing an additional 213 shares in the last quarter. Golden State Equity Partners grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 6.0% during the 2nd quarter. Golden State Equity Partners now owns 3,998 shares of the company’s stock worth $418,000 after purchasing an additional 226 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $29,000. 92.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. The trade was a 33.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 5,651 shares of company stock valued at $572,250. 4.31% of the stock is currently owned by insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $94.65 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36. The company has a market capitalization of $21.17 billion, a P/E ratio of 92.80 and a beta of 0.47. The stock has a 50-day simple moving average of $101.82 and a 200-day simple moving average of $98.27.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

FWONK has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Bank of America assumed coverage on 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 objective for the company. Wells Fargo & Company lowered their price objective on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

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.