Liberty Media Formula One Series C (NASDAQ:FWONK) Shares Sold by M.D. Sass Investors Services Inc.

M.D. Sass Investors Services Inc. lowered its holdings in Liberty Media Formula One Series C (NASDAQ:FWONK) by 49.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275,671 shares of the company’s stock after selling 273,345 shares during the period. Liberty Media Formula One Series C accounts for 2.4% of M.D. Sass Investors Services Inc.’s investment portfolio, making the stock its 21st biggest position. M.D. Sass Investors Services Inc. owned about 0.12% of Liberty Media Formula One Series C worth $10,312,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Icon Wealth Partners LLC purchased a new position in shares of Liberty Media Formula One Series C in the 1st quarter worth about $28,000. Twin Tree Management LP purchased a new position in Liberty Media Formula One Series C in the first quarter valued at approximately $79,000. Robeco Institutional Asset Management B.V. lifted its position in Liberty Media Formula One Series C by 17.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock valued at $196,000 after buying an additional 779 shares in the last quarter. LPL Financial LLC acquired a new position in Liberty Media Formula One Series C during the second quarter valued at approximately $201,000. Finally, Arden Trust Co purchased a new stake in Liberty Media Formula One Series C during the second quarter worth approximately $222,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Shares of FWONK traded up $0.34 during mid-day trading on Wednesday, reaching $42.11. 36,742 shares of the stock traded hands, compared to its average volume of 655,578. The stock has a fifty day simple moving average of $40.55 and a 200 day simple moving average of $37.67. Liberty Media Formula One Series C has a 12-month low of $27.51 and a 12-month high of $43.05. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of -64.80 and a beta of 0.96.

Several research firms have recently issued reports on FWONK. ValuEngine raised shares of Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. TheStreet raised shares of Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and increased their price target for the company from $38.00 to $50.00 in a report on Thursday, August 15th. B. Riley upgraded Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and increased their price target for the company from $35.00 to $46.00 in a report on Thursday, May 16th. Finally, Zacks Investment Research lowered Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Liberty Media Formula One Series C currently has an average rating of “Buy” and an average price target of $43.50.

Liberty Media Formula One Series C Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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

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