Greenwood Gearhart Inc. Has $18.29 Million Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Greenwood Gearhart Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 175,020 shares of the company’s stock after buying an additional 692 shares during the period. Greenwood Gearhart Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $18,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FWONK. GW&K Investment Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $29,000. Western Pacific Wealth Management LP grew its position in Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after buying an additional 500 shares in the last quarter. Cigna Investments Inc. New acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $222,000. Finally, GAMMA Investing LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 10.9% during the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FWONK shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Saturday, September 27th. Wells Fargo & Company decreased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Guggenheim lifted 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. Finally, Zacks Research lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $103.20 on Friday. The stock’s fifty day simple moving average is $101.52 and its 200 day simple moving average is $97.22. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 101.18 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, research 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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 5,651 shares of company stock valued at $572,250 in the last quarter. 4.31% of the stock is owned by insiders.

About Liberty Media Corporation – Liberty Formula One Series C

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.