Sculptor Capital LP cut its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) by 11.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,162,181 shares of the company’s stock after selling 561,674 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C makes up approximately 3.7% of Sculptor Capital LP’s holdings, making the stock its 3rd biggest position. Sculptor Capital LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $353,869,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after acquiring an additional 118 shares during the period. Farther Finance Advisors LLC boosted its position 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 worth $56,000 after purchasing an additional 120 shares during the period. Blair William & Co. IL boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.7% in the fourth quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock worth $510,000 after purchasing an additional 135 shares during the period. Clearstead Advisors LLC increased 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 worth $1,016,000 after purchasing an additional 141 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,832 shares of the company’s stock worth $3,234,000 after purchasing an additional 149 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on FWONK. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings raised shares of 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. JPMorgan Chase & Co. increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Bank of America raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. 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 report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.20.
Insider Activity at Liberty Media Corporation – Liberty Formula One Series C
In other Liberty Media Corporation – Liberty Formula One Series C news, 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 transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.
Liberty Media Corporation – Liberty Formula One Series C Price Performance
Liberty Media Corporation – Liberty Formula One Series C stock opened at $97.05 on Monday. The company’s 50-day moving average price is $92.96 and its 200-day moving average price is $89.56. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The company has a market cap of $21.75 billion, a PE ratio of 44.52 and a beta of 0.44.
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. As a group, sell-side analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current fiscal year.
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.
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