SG Americas Securities LLC Has $102,000 Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

SG Americas Securities LLC lessened its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 90.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 980 shares of the company’s stock after selling 9,666 shares during the period. SG Americas Securities LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $102,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 128.6% during the third quarter. HB Wealth Management LLC now owns 14,679 shares of the company’s stock worth $1,533,000 after purchasing an additional 8,257 shares during the last quarter. SeaBridge Investment Advisors LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the 3rd quarter. SeaBridge Investment Advisors LLC now owns 28,330 shares of the company’s stock worth $2,959,000 after acquiring an additional 1,991 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 27.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 25,085 shares of the company’s stock valued at $2,620,000 after acquiring an additional 5,421 shares during the period. Simon Quick Advisors LLC increased its position in Liberty Media Corporation – Liberty Formula One Series C by 13.3% in the 3rd quarter. Simon Quick Advisors LLC now owns 4,152 shares of the company’s stock valued at $434,000 after acquiring an additional 488 shares during the period. Finally, SJS Investment Consulting Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% during the third quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock valued at $51,000 after acquiring an additional 469 shares during the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on FWONK. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their target price 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. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Finally, Wells Fargo & Company increased 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. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.20.

Insider Activity

In related news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the sale, the insider owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 368,363 shares of company stock worth $36,650,423. 4.31% of the stock is owned by corporate insiders.

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

Shares of NASDAQ FWONK opened at $87.02 on Friday. The company has a market capitalization of $21.76 billion, a PE ratio of 111.57 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The firm has a fifty day simple moving average of $93.28 and a 200 day simple moving average of $98.18.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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.