Los Angeles Capital Management LLC Has $8.35 Million Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Los Angeles Capital Management LLC decreased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,769 shares of the company’s stock after selling 38,306 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $8,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at about $34,000. Headlands Technologies LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $38,000. Osterweis Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $39,000. FNY Investment Advisers LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at about $48,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the 4th quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

FWONK has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. UBS Group dropped their price target on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and a consensus price target of $111.75.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ:FWONK opened at $86.87 on Tuesday. The stock’s 50-day simple moving average is $88.74 and its 200 day simple moving average is $89.71. The company has a market cap of $19.47 billion, a P/E ratio of 39.85 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.