Golden State Equity Partners Boosts Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Golden State Equity Partners raised its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,998 shares of the company’s stock after buying an additional 226 shares during the period. Golden State Equity Partners’ holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $418,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $29,000. GW&K Investment Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $25,000. Western Pacific Wealth Management LP increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the 2nd quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after purchasing an additional 500 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1,378.8% during the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company’s stock worth $194,000 after purchasing an additional 2,013 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FWONK shares. JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Guggenheim raised their price target 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 research note on Tuesday, July 22nd. Susquehanna lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the company a “positive” rating in a research note on Wednesday, June 25th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 0.3%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $103.06 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $74.34 and a 1-year high of $106.26. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 101.04 and a beta of 0.46. The firm has a 50 day simple moving average of $100.84 and a 200 day simple moving average of $95.64.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.71. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 5,651 shares of company stock worth $572,250.

Liberty Media Corporation – Liberty Formula One Series C Company 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.