National Pension Service Makes New Investment in Liberty Media Corporation – Liberty Formula One Series C $FWONK

National Pension Service purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 5,912 shares of the company’s stock, valued at approximately $618,000.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company’s stock worth $20,871,000 after acquiring an additional 10,620 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $1,255,000. S Bank Fund Management Ltd purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $347,000. Assenagon Asset Management S.A. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 79.9% during the third quarter. Assenagon Asset Management S.A. now owns 85,657 shares of the company’s stock worth $8,947,000 after purchasing an additional 38,054 shares during the period. Finally, Aviva PLC boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 7.4% in the second quarter. Aviva PLC now owns 158,167 shares of the company’s stock valued at $16,528,000 after buying an additional 10,932 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FWONK. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Wells Fargo & Company upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK stock opened at $85.77 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The firm’s fifty day moving average is $92.96 and its 200 day moving average is $97.90. The firm has a market cap of $21.45 billion, a PE ratio of 109.96 and a beta of 0.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 109,121 shares of the stock in a transaction that occurred on 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 transaction, the director owned 93,102 shares in the company, valued at approximately $9,546,679.08. This represents a 53.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 11,200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the sale, the insider directly owned 21,037 shares in the company, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 368,363 shares of company stock valued at $36,650,423 in the last ninety days.

Liberty Media Corporation – Liberty Formula One Series C Profile

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.