Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 893.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,049,351 shares of the company’s stock after purchasing an additional 943,757 shares during the period. Liberty Media Corporation – Liberty Formula One Series C makes up about 1.3% of Engineers Gate Manager LP’s portfolio, making the stock its 3rd biggest position. Engineers Gate Manager LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $99,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Zions Bancorporation National Association UT raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% in the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $34,000. Allied Private Wealth LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $32,000. Headlands Technologies LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $38,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Wall Street Analyst Weigh In

FWONK has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Sanford C. Bernstein increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Bank of America lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Guggenheim upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, insider Renee L. Wilm sold 11,597 shares of the business’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 owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $94.95 on Wednesday. The company’s fifty day moving average price is $99.88 and its 200-day moving average price is $92.36. 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 firm has a market capitalization of $21.30 billion, a P/E ratio of 139.63 and a beta of 0.43.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2 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.