Munro Partners Takes Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Munro Partners purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,065,458 shares of the company’s stock, valued at approximately $111,340,000. Liberty Media Corporation – Liberty Formula One Series C makes up about 3.5% of Munro Partners’ investment portfolio, making the stock its 8th largest position. Munro Partners owned 0.48% of Liberty Media Corporation – Liberty Formula One Series C at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock worth $904,653,000 after buying an additional 402,705 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the second quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock valued at $400,694,000 after acquiring an additional 126,501 shares during the last quarter. Bank of America Corp DE increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.8% during the second quarter. Bank of America Corp DE now owns 2,665,969 shares of the company’s stock valued at $278,594,000 after acquiring an additional 98,354 shares during the last quarter. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $208,588,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 0.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,916,759 shares of the company’s stock worth $200,301,000 after purchasing an additional 12,466 shares during the last quarter. 92.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Chase Carey sold 81,006 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total transaction of $8,334,707.34. Following the sale, the director directly owned 93,102 shares in the company, valued at approximately $9,579,264.78. The trade was a 46.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 11,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the transaction, the insider owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 201,327 shares of company stock worth $20,553,143 in the last three months. Insiders own 4.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FWONK shares. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 8th. Zacks Research cut shares of 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.2%

NASDAQ FWONK opened at $93.77 on Friday. The company has a market cap of $23.45 billion, a PE ratio of 120.22 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The firm’s 50-day simple moving average is $98.05 and its two-hundred day simple moving average is $100.01.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS 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.