Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 81.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,016 shares of the company’s stock after selling 21,949 shares during the period. Strs Ohio’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $38,000. Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $39,000. Root Financial Partners LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth about $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $46,000. Finally, Farther Finance Advisors LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 138.6% during the third quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after buying an additional 262 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Insider Activity

In other news, 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 transaction of $1,029,168.00. Following the completion of the sale, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This trade represents a 34.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the sale, the director directly owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. The trade was a 53.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 368,363 shares of company stock worth $36,650,423. Insiders own 4.31% of the company’s stock.

Wall Street Analyst Weigh In

FWONK has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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 report on Thursday, November 6th. JPMorgan Chase & Co. lifted their price objective 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 report on Tuesday, December 2nd. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the company from $110.00 to $111.00 in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Finally, Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and a consensus price target of $112.20.

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

Shares of NASDAQ:FWONK opened at $87.02 on Friday. The firm has a fifty day moving average of $93.28 and a two-hundred day moving average of $98.19. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The firm has a market capitalization of $21.76 billion, a P/E ratio of 111.57 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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.