Daiwa Securities Group Inc. reduced its holdings in Liberty Media Formula One Series C (NASDAQ:FWONK) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,425 shares of the company’s stock after selling 541 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Liberty Media Formula One Series C were worth $1,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FWONK. First Trust Advisors LP increased its position in Liberty Media Formula One Series C by 38.0% in the 1st quarter. First Trust Advisors LP now owns 86,656 shares of the company’s stock valued at $3,037,000 after acquiring an additional 23,853 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Liberty Media Formula One Series C in the 2nd quarter valued at $1,700,000. IFM Investors Pty Ltd boosted its stake in shares of Liberty Media Formula One Series C by 3.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 12,458 shares of the company’s stock valued at $466,000 after purchasing an additional 458 shares during the last quarter. Cardan Capital Partners LLC boosted its stake in shares of Liberty Media Formula One Series C by 11.2% in the 2nd quarter. Cardan Capital Partners LLC now owns 19,273 shares of the company’s stock valued at $721,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Liberty Media Formula One Series C by 17.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock valued at $196,000 after purchasing an additional 779 shares during the last quarter. Hedge funds and other institutional investors own 82.64% of the company’s stock.

NASDAQ:FWONK opened at $42.61 on Tuesday. The firm’s fifty day moving average is $41.25 and its 200-day moving average is $39.58. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Liberty Media Formula One Series C has a 52 week low of $27.51 and a 52 week high of $43.05.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $50.00 in a research note on Thursday, August 15th. Zacks Investment Research raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Saturday, November 2nd. Finally, ValuEngine lowered shares of Liberty Media Formula One Series C from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a buy rating, Liberty Media Formula One Series C has an average rating of “Buy” and a consensus target price of $48.00.

Liberty Media Formula One Series C Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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

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