Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock Position Boosted by Munro Partners

Munro Partners grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 27.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,354,543 shares of the company’s stock after acquiring an additional 289,085 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises approximately 3.8% of Munro Partners’ investment portfolio, making the stock its 4th biggest holding. Munro Partners owned approximately 0.61% of Liberty Media Corporation – Liberty Formula One Series C worth $141,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Strs Ohio bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at $2,370,000. Voya Investment Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 25.8% during the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock valued at $5,618,000 after buying an additional 12,817 shares during the period. Swedbank AB raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 210.6% in the first quarter. Swedbank AB now owns 21,781 shares of the company’s stock valued at $1,961,000 after acquiring an additional 14,768 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at about $999,000. Finally, M & L Capital Management Ltd lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 7.5% in the second quarter. M & L Capital Management Ltd now owns 88,665 shares of the company’s stock worth $9,265,000 after acquiring an additional 6,215 shares during the period. Institutional investors own 92.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on FWONK. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Wells Fargo & Company upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. One 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 assigned a Sell rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average target price of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.6%

Shares of FWONK opened at $96.72 on Wednesday. The company has a 50 day moving average of $96.79 and a two-hundred day moving average of $100.01. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 124.00 and a beta of 0.48.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, sell-side analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Insider Activity

In other news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider owned 21,037 shares in the company, valued at $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Chase Carey sold 109,121 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were 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 directly owned 93,102 shares of the company’s stock, valued at $9,546,679.08. The trade was a 53.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 368,363 shares of company stock worth $36,650,423 over the last ninety days.

Liberty Media Corporation – Liberty Formula One Series C Profile

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.