Callan Family Office LLC Buys New Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Callan Family Office LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,283 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FWONK. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $29,000. GW&K Investment Management LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth approximately $25,000. Western Pacific Wealth Management LP raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after purchasing an additional 500 shares in the last quarter. Cigna Investments Inc. New acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth approximately $222,000. Finally, GAMMA Investing LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 10.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock valued at $227,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FWONK. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Susquehanna lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.22.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 5,651 shares of company stock valued at $572,250 over the last 90 days. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 3.1%

NASDAQ:FWONK opened at $100.38 on Friday. The stock has a fifty day simple moving average of $101.87 and a 200 day simple moving average of $97.59. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 98.41 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $75.26 and a 1-year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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.