Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Bought by Junto Capital Management LP

Junto Capital Management LP grew its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKFree Report) by 178.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,707,281 shares of the company’s stock after buying an additional 1,093,372 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C makes up approximately 2.9% of Junto Capital Management LP’s portfolio, making the stock its 3rd largest position. Junto Capital Management LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $162,431,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FWONK. Invesco Ltd. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 51.0% in the 2nd quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock valued at $52,701,000 after acquiring an additional 170,435 shares in the last quarter. Cresset Asset Management LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $502,000. Daiwa Securities Group Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 20.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company’s stock worth $3,902,000 after purchasing an additional 6,285 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $1,863,000. Finally, Squarepoint Ops LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $1,255,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.9%

FWONK stock opened at $96.80 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 142.35 and a beta of 0.43. The company has a 50 day moving average of $99.85 and a two-hundred day moving average of $92.41.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $952.78 million. On average, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2 EPS for the current year.

Insider Activity

In related news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction 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 completion of the sale, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.31% of the company’s stock.

Analyst Upgrades and Downgrades

FWONK has been the subject of a number of research analyst reports. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong sell” rating in a report on Saturday, August 8th. Wells Fargo & Company lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Guggenheim increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday. They set a “buy” rating and a $115.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and an average target price of $117.57.

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

About Liberty Media Corporation – Liberty Formula One Series C

(Free Report)

Liberty Media Corporation’s Liberty Formula One Group, represented by the Series C Liberty Formula One common stock (NASDAQ: FWONK), is a tracking-stock group tied primarily to the company’s interests in Formula 1. The group’s principal business is the ownership and operation of the Formula 1 racing series, including its commercial rights, media and broadcasting activities, race promotion, sponsorship programs and digital products.

Formula 1 organizes the FIA Formula One World Championship, an international motorsport series featuring races hosted in markets across Europe, North America, Asia, the Middle East and other regions.

Further Reading

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:FWONKFree Report).

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.