Munro Partners Purchases 289,085 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Munro Partners boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 27.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,354,543 shares of the company’s stock after acquiring an additional 289,085 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises about 3.8% of Munro Partners’ portfolio, making the stock its 4th largest position. Munro Partners’ holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $141,482,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FWONK. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $29,000. Headlands Technologies LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $38,000. Osterweis Capital Management Inc. purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at approximately $46,000. Finally, Farther Finance Advisors LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 138.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after acquiring an additional 262 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.6%

FWONK stock opened at $96.72 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The firm has a market cap of $24.18 billion, a P/E ratio of 124.00 and a beta of 0.48. The company’s 50-day simple moving average is $96.79 and its 200-day simple moving average is $100.01.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This trade represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the sale, the director directly owned 93,102 shares of the company’s stock, valued at $9,546,679.08. This represents a 53.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 368,363 shares of company stock worth $36,650,423 in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FWONK shares. Wells Fargo & Company increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.33.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.