M & L Capital Management Ltd Purchases 6,215 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

M & L Capital Management Ltd grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,665 shares of the company’s stock after purchasing an additional 6,215 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises about 2.1% of M & L Capital Management Ltd’s holdings, making the stock its 12th largest holding. M & L Capital Management Ltd’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $9,265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 1.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock worth $37,529,000 after purchasing an additional 4,897 shares during the last quarter. California State Teachers Retirement System lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company’s stock worth $32,518,000 after purchasing an additional 6,297 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after purchasing an additional 23,809 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of 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 worth $5,618,000 after buying an additional 12,817 shares during the period. Finally, Strs Ohio purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the first quarter worth about $2,370,000. Institutional investors own 92.26% of the company’s stock.

Insider Buying and Selling 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 company’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 transaction of $397,979.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 5,651 shares of company stock worth $572,250. 4.31% of the stock is currently owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ:FWONK opened at $99.44 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $74.34 and a 1 year high of $106.26. The company has a market cap of $22.24 billion, a PE ratio of 97.49 and a beta of 0.46. The stock’s 50-day moving average is $100.90 and its 200 day moving average is $95.18.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They issued a “neutral” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on 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. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a report on Wednesday, June 4th. UBS Group lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Rosenblatt Securities lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Company 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.