Stance Capital LLC Invests $1.41 Million in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Stance Capital LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,446 shares of the company’s stock, valued at approximately $1,405,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $29,000. Headlands Technologies LLC acquired a new stake 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 Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $39,000. Caitong International Asset Management Co. Ltd purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $46,000. Finally, Assetmark Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the company’s stock worth $52,000 after acquiring an additional 333 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $93.77 on Friday. 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 stock has a market cap of $23.45 billion, a P/E ratio of 120.22 and a beta of 0.48. The firm has a 50-day moving average of $98.05 and a two-hundred day moving average of $100.01.

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 EPS for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 11,200 shares of the business’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chase Carey sold 81,006 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $102.89, for a total value of $8,334,707.34. Following the sale, the director owned 93,102 shares in the company, valued at $9,579,264.78. The trade was a 46.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 201,327 shares of company stock valued at $20,553,143 in the last three months. Corporate insiders own 4.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FWONK shares. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 8th. Wells Fargo & Company boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C 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.