Liberty Media Corporation – Liberty Formula One Series C’s (FWONK) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in a research report report published on Tuesday morning,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Guggenheim lifted their target price 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. JPMorgan Chase & Co. lifted 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 report on Thursday, August 21st. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Finally, Susquehanna lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and a consensus price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK opened at $100.38 on Tuesday. The company has a fifty day moving average price of $101.87 and a two-hundred day moving average price of $97.59. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The firm has a market capitalization of $22.45 billion, a PE ratio of 98.41 and a beta of 0.47.

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

Insider Buying and Selling

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. The trade was a 33.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 5,651 shares of company stock valued at $572,250. Insiders own 4.31% of the company’s stock.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Institutional investors have recently added to or reduced their stakes in the stock. Cooper Investors PTY Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 6.6% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company’s stock valued at $21,165,000 after acquiring an additional 12,580 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after buying an additional 23,809 shares in the last quarter. Voya Investment Management LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 25.8% during the 1st quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock worth $5,618,000 after buying an additional 12,817 shares in the last quarter. Strs Ohio bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth about $2,370,000. Finally, LBP AM SA bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $1,602,000. 92.26% of the stock is owned by institutional investors.

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.