M.D. Sass LLC Has $990,000 Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

M.D. Sass LLC decreased its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 97.0% in the fourth quarter, Holdings Channel reports. The fund owned 10,047 shares of the company’s stock after selling 330,047 shares during the period. M.D. Sass LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banco Santander S.A. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $1,685,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $3,414,000. JPMorgan Chase & Co. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock worth $37,375,000 after acquiring an additional 89,673 shares during the last quarter. Vanguard Group Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,417,770 shares of the company’s stock worth $2,132,636,000 after acquiring an additional 117,804 shares during the last quarter. Finally, ShawSpring Partners LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $22,720,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

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

In related news, Director Chase Carey sold 100,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK opened at $89.32 on Wednesday. The company has a 50-day simple moving average of $88.29 and a 200-day simple moving average of $90.13. The firm has a market capitalization of $20.02 billion, a P/E ratio of 40.97 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 posted its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. As a group, equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FWONK. Weiss Ratings raised shares of 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. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Wells Fargo & Company upped their price objective on shares of 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 report on Friday, May 8th. JPMorgan Chase & Co. cut their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, UBS Group cut their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.22.

About Liberty Media Corporation – Liberty Formula One Series C

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.