Citadel Advisors LLC lowered its position in Liberty Media Co. – Series C Liberty Formula One (NASDAQ:FWONK) by 82.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,570 shares of the company’s stock after selling 34,957 shares during the period. Citadel Advisors LLC’s holdings in Liberty Media Co. – Series C Liberty Formula One were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Liberty Media Co. – Series C Liberty Formula One in the fourth quarter valued at approximately $109,000. LS Investment Advisors LLC purchased a new stake in Liberty Media Co. – Series C Liberty Formula One in the fourth quarter valued at approximately $110,000. American International Group Inc. purchased a new stake in Liberty Media Co. – Series C Liberty Formula One in the fourth quarter valued at approximately $134,000. Massey Quick Simon & CO. LLC purchased a new stake in Liberty Media Co. – Series C Liberty Formula One in the third quarter valued at approximately $161,000. Finally, Ameriprise Financial Inc. purchased a new stake in Liberty Media Co. – Series C Liberty Formula One in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 87.02% of the company’s stock.

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A number of equities research analysts recently commented on FWONK shares. Zacks Investment Research upgraded Liberty Media Co. – Series C Liberty Formula One from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, February 1st. boosted their price target on Liberty Media Co. – Series C Liberty Formula One from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Pivotal Research boosted their price target on Liberty Media Co. – Series C Liberty Formula One from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Morgan Stanley raised Liberty Media Co. – Series C Liberty Formula One from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Liberty Media Co. – Series C Liberty Formula One has a consensus rating of “Buy” and an average target price of $44.14.

Liberty Media Co. – Series C Liberty Formula One (FWONK) opened at $31.53 on Thursday. Liberty Media Co. – Series C Liberty Formula One has a twelve month low of $30.73 and a twelve month high of $41.14. The stock has a market capitalization of $6,580.00 and a P/E ratio of 34.54.

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Liberty Media Co. – Series C Liberty Formula One Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

Want to see what other hedge funds are holding FWONK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Co. – Series C Liberty Formula One (NASDAQ:FWONK).

Institutional Ownership by Quarter for Liberty Media Co. - Series C Liberty Formula One (NASDAQ:FWONK)

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