Totem Point Management LLC Invests $570,000 in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Totem Point Management LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,789 shares of the company’s stock, valued at approximately $570,000. Liberty Media Corporation – Liberty Formula One Series C comprises approximately 0.6% of Totem Point Management LLC’s portfolio, making the stock its 14th largest position.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 265.1% during the fourth quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after buying an additional 841,729 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $1,685,000. JPMorgan Chase & Co. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the third quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock valued at $37,375,000 after acquiring an additional 89,673 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.6% during the third quarter. Vanguard Group Inc. now owns 20,417,770 shares of the company’s stock valued at $2,132,636,000 after acquiring an additional 117,804 shares during the period. Finally, ShawSpring Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $22,720,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider owned 15,590 shares in the company, valued at $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. The disclosure for this sale is available in the SEC filing.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $89.63 on Wednesday. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 41.11 and a beta of 0.47. The stock’s 50 day moving average price is $89.24 and its two-hundred day moving average price is $89.50. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their price target 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 report on Friday, May 8th. Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. lowered their price objective on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, UBS Group lowered their price objective on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average price target of $111.75.

View Our Latest Stock Report on Liberty Media Corporation – Liberty Formula One Series C

About Liberty Media Corporation – Liberty Formula One Series C

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK)

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.