Seizert Capital Partners LLC Decreases Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Seizert Capital Partners LLC cut its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 9.7% in the second quarter, Holdings Channel.com reports. The firm owned 9,949 shares of the company’s stock after selling 1,070 shares during the quarter. Seizert Capital Partners LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FWONK. Oliver Lagore Vanvalin Investment Group purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $29,000. GW&K Investment Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $46,000. Assetmark Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% in the second quarter. Assetmark Inc. now owns 500 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% in the second quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock valued at $80,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the sale, the insider directly owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chase Carey sold 81,006 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34. Following the transaction, the director directly owned 93,102 shares in the company, valued at approximately $9,579,264.78. This represents a 46.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 206,978 shares of company stock worth $21,125,393 over the last ninety days.

Analyst Upgrades and Downgrades

FWONK has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. Wall Street Zen lowered 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. Bank of America began 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 target price for the company. Wells Fargo & Company lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.11.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $96.73 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36. The firm has a market capitalization of $21.63 billion, a P/E ratio of 124.01 and a beta of 0.46. The business’s 50-day moving average is $101.30 and its two-hundred day moving average is $100.29.

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

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.