Intech Investment Management LLC Purchases 5,955 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Intech Investment Management LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 99.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,916 shares of the company’s stock after purchasing an additional 5,955 shares during the quarter. Intech Investment Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,174,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FWONK. Vanguard Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after acquiring an additional 715,525 shares during the period. Principal Financial Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock valued at $1,250,671,000 after acquiring an additional 129,822 shares during the period. Schroder Investment Management Group lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.1% during the 3rd quarter. Schroder Investment Management Group now owns 8,843,048 shares of the company’s stock valued at $923,656,000 after acquiring an additional 186,077 shares during the period. Geode Capital Management LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock valued at $391,290,000 after acquiring an additional 36,599 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.8% during the 2nd 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 period. 92.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. cut their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Wells Fargo & Company upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, UBS Group cut their target price on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.75.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $87.68 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36. The stock has a market capitalization of $19.65 billion, a P/E ratio of 40.22 and a beta of 0.47. The stock has a fifty day moving average of $88.67 and a 200-day moving average of $89.84.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. On average, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 earnings per share for the current year.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 100,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.31% of the company’s stock.

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.