Liberty Media Corporation – Liberty Formula One Series C (FWONK) to Release Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) is expected to announce its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $1.5491 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.7%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $87.81 on Tuesday. 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 company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 112.58 and a beta of 0.48. The firm’s 50-day moving average price is $91.04 and its two-hundred day moving average price is $96.49.

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

In related news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Large investors have recently bought and sold shares of the company. Principal Securities Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.6% in the fourth quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock valued at $466,000 after buying an additional 118 shares during the period. Blair William & Co. IL grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.7% during the 4th quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock worth $510,000 after acquiring an additional 135 shares during the last quarter. Vident Advisory LLC increased its position in Liberty Media Corporation – Liberty Formula One Series C by 3.0% in the 4th quarter. Vident Advisory LLC now owns 5,455 shares of the company’s stock valued at $537,000 after acquiring an additional 161 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Liberty Media Corporation – Liberty Formula One Series C by 70.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock valued at $42,000 after acquiring an additional 175 shares during the period. Finally, Zions Bancorporation National Association UT raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock valued at $29,000 after acquiring an additional 188 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FWONK has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Wells Fargo & Company lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.