Lincoln Capital LLC Grows Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Lincoln Capital LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 84,595 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises 1.4% of Lincoln Capital LLC’s investment portfolio, making the stock its 17th largest holding. Lincoln Capital LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $8,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FWONK. Zions Bancorporation National Association UT lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock valued at $29,000 after acquiring an additional 188 shares during the last quarter. Advisory Services Network LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth $34,000. Headlands Technologies LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $38,000. Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 70.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock worth $42,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Insider Activity

In other news, insider Renee L. Wilm sold 11,597 shares of the firm’s 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 transaction, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C 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 of the company’s stock, valued at $8,518,459.68. This trade represents a 51.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.31% of the stock is currently owned by insiders.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK opened at $96.05 on Thursday. The firm has a market capitalization of $21.52 billion, a PE ratio of 44.06 and a beta of 0.43. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36. The company’s fifty day moving average price is $94.37 and its 200-day moving average price is $89.97.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group lowered their price objective 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 report on Wednesday, April 15th. Wells Fargo & Company upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

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.