11,345 Shares in Liberty Media Formula One Series C (FWONK) Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC acquired a new position in Liberty Media Formula One Series C (NASDAQ:FWONK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,345 shares of the company’s stock, valued at approximately $398,000.

Other hedge funds have also recently bought and sold shares of the company. Odey Asset Management Group Ltd raised its position in Liberty Media Formula One Series C by 0.3% in the fourth quarter. Odey Asset Management Group Ltd now owns 1,058,742 shares of the company’s stock valued at $32,503,000 after purchasing an additional 3,260 shares during the period. Epoch Investment Partners Inc. purchased a new position in Liberty Media Formula One Series C during the fourth quarter worth about $4,401,000. Mn Services Vermogensbeheer B.V. raised its holdings in Liberty Media Formula One Series C by 9.9% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 34,400 shares of the company’s stock worth $924,000 after purchasing an additional 3,100 shares in the last quarter. Citigroup Inc. increased its holdings in Liberty Media Formula One Series C by 183.1% in the fourth quarter. Citigroup Inc. now owns 28,037 shares of the company’s stock valued at $860,000 after buying an additional 18,132 shares in the last quarter. Finally, SkyTop Capital Management LLC increased its holdings in Liberty Media Formula One Series C by 29.9% in the fourth quarter. SkyTop Capital Management LLC now owns 30,000 shares of the company’s stock valued at $921,000 after buying an additional 6,900 shares in the last quarter. Institutional investors own 84.65% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, March 13th. ValuEngine upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, March 1st.

NASDAQ FWONK traded down $0.26 during mid-day trading on Tuesday, reaching $38.28. 1,718 shares of the stock were exchanged, compared to its average volume of 585,591. Liberty Media Formula One Series C has a 1-year low of $27.51 and a 1-year high of $39.35. The firm has a market cap of $9.04 billion, a P/E ratio of -58.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 0.33.

Liberty Media Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, February 28th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.38). Liberty Media Formula One Series C had a negative return on equity of 0.69% and a negative net margin of 8.21%. The firm had revenue of $481.00 million for the quarter, compared to analyst estimates of $494.89 million. As a group, equities analysts predict that Liberty Media Formula One Series C will post -0.56 EPS for the current year.

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About Liberty Media Formula One Series C

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Institutional Ownership by Quarter for Liberty Media Formula One Series C (NASDAQ:FWONK)

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