Metis Global Partners LLC Sells 1,426 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Metis Global Partners LLC lowered its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 18.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,488 shares of the company’s stock after selling 1,426 shares during the period. Metis Global Partners LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $678,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth $25,000. HighPoint Advisor Group LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 22.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock valued at $382,000 after buying an additional 779 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.7% in the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after purchasing an additional 23,809 shares during the last quarter. Allstate Corp increased its stake 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 buying an additional 2,087 shares during the period. Finally, Strs Ohio bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $2,370,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $101.61 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The stock has a 50 day moving average price of $101.49 and a 200-day moving average price of $99.96. The firm has a market capitalization of $22.72 billion, a P/E ratio of 130.27 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, Director Chase Carey sold 109,121 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the completion of the sale, the director directly owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. This trade represents a 53.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 125,972 shares of company stock worth $12,790,686 in the last 90 days. 4.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of 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. The Goldman Sachs Group restated a “buy” rating and set a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.11.

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.