Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,562 shares of the company’s stock after acquiring an additional 1,557 shares during the quarter. Bank of Montreal Can’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,835,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. S Bank Fund Management Ltd acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth approximately $347,000. Praxis Investment Management Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 28.1% during the 2nd quarter. Praxis Investment Management Inc. now owns 12,640 shares of the company’s stock worth $1,321,000 after buying an additional 2,770 shares during the last quarter. Cooper Investors PTY Ltd. raised its position in shares of 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 worth $21,165,000 after buying an additional 12,580 shares during the period. Voya Investment Management LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 25.8% in the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock valued at $5,618,000 after acquiring an additional 12,817 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 22.7% in the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock valued at $11,570,000 after acquiring an additional 23,809 shares during the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $100.73 on Friday. The firm has a market capitalization of $22.53 billion, a PE ratio of 129.14 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The stock’s 50 day moving average price is $101.51 and its 200 day moving average price is $99.97.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the sale, the director owned 1,781 shares of the company’s stock, valued at $178,456.20. The trade was a 33.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the completion of the transaction, the director owned 93,102 shares in the company, valued at $9,546,679.08. This represents a 53.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 125,972 shares of company stock valued at $12,790,686. Corporate insiders own 4.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America assumed coverage on 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 for the company. Guggenheim boosted their target price on 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. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday. UBS Group lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. 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.com, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average target price of $112.11.

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.