California State Teachers Retirement System Raises Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

California State Teachers Retirement System raised its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 9,400.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,777,666 shares of the company’s stock after buying an additional 34,411,605 shares during the period. California State Teachers Retirement System owned about 0.16% of Liberty Media Corporation – Liberty Formula One Series C worth $3,308,747,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FWONK. Silver Point Capital L.P. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter valued at approximately $302,000. Berkshire Hathaway Inc purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter valued at approximately $297,358,000. Naya Capital Management UK Ltd. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter worth approximately $208,238,000. Norges Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter worth approximately $195,762,000. Finally, Bank of America Corp DE increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock worth $387,845,000 after purchasing an additional 1,376,984 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $95.44 on Friday. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 140.35 and a beta of 0.43. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $80.15 and a fifty-two week high of $109.36. The stock has a 50 day moving average of $99.78 and a 200 day moving average of $92.44.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. Analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 2 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on FWONK. Bank of America increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Wells Fargo & Company upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Jefferies Financial Group started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday. They set a “buy” rating and a $115.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and a consensus target price of $117.57.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Group, represented by the Series C Liberty Formula One common stock (NASDAQ: FWONK), is a tracking-stock group tied primarily to the company’s interests in Formula 1. The group’s principal business is the ownership and operation of the Formula 1 racing series, including its commercial rights, media and broadcasting activities, race promotion, sponsorship programs and digital products.

Formula 1 organizes the FIA Formula One World Championship, an international motorsport series featuring races hosted in markets across Europe, North America, Asia, the Middle East and other regions.