Hawk Ridge Capital Management LP Raises Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Hawk Ridge Capital Management LP lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 38.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,849,660 shares of the company’s stock after acquiring an additional 518,300 shares during the period. Liberty Media Corporation – Liberty Formula One Series C accounts for about 5.7% of Hawk Ridge Capital Management LP’s portfolio, making the stock its 2nd biggest position. Hawk Ridge Capital Management LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $157,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 265.1% during the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock valued at $114,192,000 after acquiring an additional 841,729 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at $297,358,000. Braun Stacey Associates Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.3% in the 1st quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock worth $23,506,000 after purchasing an additional 14,039 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,558 shares of the company’s stock worth $21,231,000 after purchasing an additional 17,102 shares during the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $1,522,000. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.3%

Shares of NASDAQ FWONK opened at $98.33 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of 45.11 and a beta of 0.44. The company’s fifty day moving average is $93.11 and its 200-day moving average is $89.57.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. On average, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

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 11,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Ratings Changes

A number of equities research analysts recently commented on FWONK shares. Bank of America upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, UBS Group lowered their price target on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $110.20.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.