Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Bought by CenterBook Partners LP

CenterBook Partners LP raised its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 26.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,563 shares of the company’s stock after acquiring an additional 7,465 shares during the quarter. CenterBook Partners LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,503,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Banco Santander S.A. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at approximately $1,685,000. JPMorgan Chase & Co. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 33.4% in the third quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock valued at $37,375,000 after acquiring an additional 89,673 shares in the last quarter. Vanguard Group Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 0.6% in the third quarter. Vanguard Group Inc. now owns 20,417,770 shares of the company’s stock valued at $2,132,636,000 after acquiring an additional 117,804 shares in the last quarter. ShawSpring Partners LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at approximately $22,720,000. Finally, Tredje AP fonden boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 56.4% in the third quarter. Tredje AP fonden now owns 32,580 shares of the company’s stock valued at $3,403,000 after acquiring an additional 11,750 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FWONK. JPMorgan Chase & Co. lowered their target price on shares of 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 note on Friday, May 29th. UBS Group lowered their price objective on shares of 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 note on Wednesday, April 15th. Weiss Ratings raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, 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. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This represents a 51.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ FWONK opened at $86.87 on Tuesday. The stock’s fifty day moving average price is $88.74 and its 200 day moving average price is $89.71. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 39.85 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 earnings per share for the current year.

Liberty Media Corporation – Liberty Formula One Series C 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.