Cookson Peirce & Co. Inc. Sells 15,119 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Cookson Peirce & Co. Inc. cut its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 27.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,283 shares of the company’s stock after selling 15,119 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 120,197 shares of the company’s stock valued at $11,841,000 after purchasing an additional 1,700 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter valued at approximately $332,000. Daiwa Securities Group Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 37,581 shares of the company’s stock valued at $3,702,000 after purchasing an additional 1,055 shares in the last quarter. State of Wyoming boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 66.9% during the fourth quarter. State of Wyoming now owns 3,373 shares of the company’s stock valued at $332,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Transatlantique Private Wealth LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the fourth quarter. Transatlantique Private Wealth LLC now owns 6,508 shares of the company’s stock valued at $641,000 after purchasing an additional 217 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ FWONK opened at $87.68 on Friday. The company has a market capitalization of $19.65 billion, a PE ratio of 40.22 and a beta of 0.47. The company 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 has a 1 year low of $80.15 and a 1 year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $711.00 million for 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FWONK. Weiss Ratings upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group dropped 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 on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Wells Fargo & Company raised their target price on shares of 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 note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.75.

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.