Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Hahn Capital Management LLC

Hahn Capital Management LLC cut its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,088 shares of the company’s stock after selling 6,109 shares during the period. Liberty Media Corporation – Liberty Formula One Series C accounts for 2.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Hahn Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $5,499,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GW&K Investment Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $25,000. Versant Capital Management Inc raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 1,378.8% in the first quarter. Versant Capital Management Inc now owns 2,159 shares of the company’s stock valued at $194,000 after buying an additional 2,013 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 22.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock worth $382,000 after buying an additional 779 shares during the last quarter. Allstate Corp lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 33.8% during the 1st quarter. Allstate Corp now owns 8,253 shares of the company’s stock worth $743,000 after buying an additional 2,087 shares during the last quarter. Finally, Praxis Investment Management Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.7% during the 1st quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company’s stock worth $888,000 after acquiring an additional 950 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 3.3%

NASDAQ FWONK opened at $102.14 on Friday. The business’s 50-day moving average price is $101.00 and its 200 day moving average price is $95.14. The firm has a market cap of $22.84 billion, a P/E ratio of 100.14 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $74.34 and a 52-week high of $106.26.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 5,651 shares of company stock worth $572,250 over the last three months. 4.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Guggenheim raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. UBS Group boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Rosenblatt Securities increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $102.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Bank of America began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They set a “neutral” rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and a consensus price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.