Comerica Bank trimmed its holdings in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 5.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,374 shares of the company’s stock after selling 904 shares during the quarter. Comerica Bank’s holdings in Liberty Media Formula One Series C were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FWONK. Paloma Partners Management Co acquired a new position in shares of Liberty Media Formula One Series C during the third quarter worth $767,000. Vanguard Group Inc lifted its position in shares of Liberty Media Formula One Series C by 1.6% during the third quarter. Vanguard Group Inc now owns 16,330,812 shares of the company’s stock worth $607,342,000 after purchasing an additional 251,264 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Liberty Media Formula One Series C during the third quarter worth $136,000. Xact Kapitalforvaltning AB lifted its position in shares of Liberty Media Formula One Series C by 18.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 35,851 shares of the company’s stock worth $1,101,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Liberty Media Formula One Series C by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 324,399 shares of the company’s stock worth $12,064,000 after purchasing an additional 3,282 shares in the last quarter. 86.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on FWONK. Zacks Investment Research raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday. ValuEngine cut shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.50.

FWONK opened at $34.98 on Friday. The firm has a market capitalization of $8.14 billion, a P/E ratio of -53.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 0.33. Liberty Media Formula One Series C has a 12-month low of $27.51 and a 12-month high of $39.35.

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About Liberty Media Formula One Series C

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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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 Formula One Series C (NASDAQ:FWONK).

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

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