Caisse DE Depot ET Placement DU Quebec purchased a new position in Liberty Media Formula One Series C (NASDAQ:FWONK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,900 shares of the company’s stock, valued at approximately $776,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd purchased a new position in Liberty Media Formula One Series C during the 1st quarter worth $64,579,000. Naya Capital Management UK Ltd. purchased a new position in Liberty Media Formula One Series C during the 1st quarter worth $58,680,000. Janus Henderson Group PLC grew its stake in Liberty Media Formula One Series C by 34.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,235,215 shares of the company’s stock worth $268,622,000 after buying an additional 1,866,836 shares during the last quarter. Pelorus Jack Capital L.P. purchased a new position in Liberty Media Formula One Series C during the 1st quarter worth $21,461,000. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in Liberty Media Formula One Series C by 48.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,268,063 shares of the company’s stock worth $47,083,000 after buying an additional 414,867 shares during the last quarter. 90.15% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Formula One Series C stock opened at $36.08 on Tuesday. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 29.82 and a beta of 1.40. Liberty Media Formula One Series C has a fifty-two week low of $28.37 and a fifty-two week high of $41.14.

Several analysts have weighed in on FWONK shares. Morgan Stanley dropped their price target on Liberty Media Formula One Series C from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, May 24th. ValuEngine upgraded Liberty Media Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Finally, Zacks Investment Research downgraded Liberty Media Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.86.

Liberty Media Formula One Series C Company Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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

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