SeaCrest Wealth Management LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 11,271 shares of the company’s stock, valued at approximately $1,041,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Braun Stacey Associates Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 5.3% during the 1st quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock worth $23,506,000 after acquiring an additional 14,039 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 21.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 97,236 shares of the company’s stock valued at $8,248,000 after purchasing an additional 17,405 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock valued at $505,297,000 after purchasing an additional 645,996 shares in the last quarter. Credit Industriel ET Commercial acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at about $1,522,000. Finally, Junto Capital Management LP raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 178.1% in the 2nd quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock valued at $162,431,000 after purchasing an additional 1,093,372 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.
Liberty Media Corporation – Liberty Formula One Series C Price Performance
Liberty Media Corporation – Liberty Formula One Series C stock opened at $91.15 on Friday. The company has a market cap of $20.45 billion, a PE ratio of 134.22 and a beta of 0.46. The company has a fifty day moving average price of $96.32 and a two-hundred day moving average price of $94.13. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $107.31.
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $952.78 million. Equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on FWONK shares. Jefferies Financial Group initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They set a “buy” rating and a $115.00 price target on the stock. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a report on Sunday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Finally, Susquehanna reduced their target price on Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating on the stock in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.
Check Out Our Latest Stock Analysis on Liberty Media Corporation – Liberty Formula One Series C
About Liberty Media Corporation – Liberty Formula One Series C
Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.
Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.
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