Cooper Investors PTY Ltd. Decreases Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Cooper Investors PTY Ltd. reduced its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 173,667 shares of the company’s stock after selling 28,871 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C makes up about 5.0% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 4th largest position. Cooper Investors PTY Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $18,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $2,370,000. Voya Investment Management LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 25.8% in the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock valued at $5,618,000 after acquiring an additional 12,817 shares during the last quarter. Swedbank AB grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 210.6% during the 1st quarter. Swedbank AB now owns 21,781 shares of the company’s stock worth $1,961,000 after acquiring an additional 14,768 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at $999,000. Finally, M & L Capital Management Ltd lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.5% in the 2nd quarter. M & L Capital Management Ltd now owns 88,665 shares of the company’s stock valued at $9,265,000 after purchasing an additional 6,215 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the transaction, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the sale, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 368,363 shares of company stock worth $36,650,423. 4.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented 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 note on Friday, October 3rd. JPMorgan Chase & Co. boosted their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday. Wells Fargo & Company increased their price target on shares of 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, Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK opened at $96.83 on Friday. The stock has a 50 day simple moving average of $96.58 and a 200 day simple moving average of $99.97. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The firm has a market capitalization of $24.21 billion, a PE ratio of 124.14 and a beta of 0.48.

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

Liberty Media Corporation – Liberty Formula One Series C Company 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.