Hyperion Capital Advisors LP raised its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) by 58.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,976 shares of the company’s stock after acquiring an additional 9,234 shares during the period. Liberty Media Corporation – Liberty Formula One Series C makes up about 1.2% of Hyperion Capital Advisors LP’s holdings, making the stock its 17th largest holding. Hyperion Capital Advisors LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.6% in the fourth quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock valued at $466,000 after buying an additional 118 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock valued at $552,000 after buying an additional 119 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after buying an additional 120 shares during the period. Compound Planning Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after buying an additional 121 shares during the period. Finally, Clearstead Advisors LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% in the fourth quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock valued at $1,016,000 after buying an additional 141 shares during the period. 92.26% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.31% of the company’s stock.
Liberty Media Corporation – Liberty Formula One Series C Stock Performance
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. Equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.
Analysts Set New Price Targets
FWONK has been the topic of several research reports. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. UBS Group lowered their target price on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company boosted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and an average price target of $111.75.
Read Our Latest Research Report on FWONK
Liberty Media Corporation – Liberty Formula One Series C Company 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.
Featured Articles
- Five stocks we like better than Liberty Media Corporation – Liberty Formula One Series C
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding FWONK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report).
Receive News & Ratings for Liberty Media Corporation - Liberty Formula One Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation - Liberty Formula One Series C and related companies with MarketBeat.com's FREE daily email newsletter.
