Scholtz & Company LLC Sells 15,397 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Scholtz & Company LLC trimmed its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 27.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,023 shares of the company’s stock after selling 15,397 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises 1.8% of Scholtz & Company LLC’s portfolio, making the stock its 22nd biggest holding. Scholtz & Company LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $4,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FWONK. GW&K Investment Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $46,000. Assetmark Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 199.4% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the company’s stock valued at $52,000 after acquiring an additional 333 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Liberty Media Corporation – Liberty Formula One Series C by 144.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock valued at $80,000 after acquiring an additional 455 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 5,651 shares of company stock worth $572,250. 4.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Guggenheim raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Wells Fargo & Company dropped 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 report on Friday, August 8th. Finally, Bank of America started coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 2.6%

Shares of NASDAQ:FWONK opened at $98.51 on Friday. The stock has a market capitalization of $22.03 billion, a P/E ratio of 96.58 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $75.26 and a 1-year high of $109.36. The business has a 50-day moving average price of $101.40 and a two-hundred day moving average price of $98.72.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced 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 the consensus estimate of $1.28 billion. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Liberty Media Corporation – Liberty Formula One Series C Company 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.