Quantinno Capital Management LP Has $26.37 Million Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Quantinno Capital Management LP grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 55.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 310,148 shares of the company’s stock after buying an additional 110,669 shares during the period. Quantinno Capital Management LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $26,369,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 265.1% during the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock valued at $114,192,000 after acquiring an additional 841,729 shares during the period. Berkshire Hathaway Inc acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter worth $297,358,000. Braun Stacey Associates Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 5.3% in the first quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock worth $23,506,000 after purchasing an additional 14,039 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,558 shares of the company’s stock valued at $21,231,000 after purchasing an additional 17,102 shares in the last quarter. Finally, Credit Industriel ET Commercial bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at $1,522,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FWONK shares. Guggenheim increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group decreased 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. JPMorgan Chase & Co. boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Bank of America upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, Sanford C. Bernstein increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Activity

In related news, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated 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 transaction, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This trade represents a 51.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.9%

Shares of FWONK stock opened at $98.13 on Friday. The firm has a market capitalization of $21.99 billion, a PE ratio of 45.01 and a beta of 0.44. The firm has a fifty day simple moving average of $93.97 and a two-hundred day simple moving average of $89.83. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate 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. On average, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.93 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.