Bamco Inc. NY Trims Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Bamco Inc. NY lowered its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 900,000 shares of the company’s stock after selling 100,000 shares during the quarter. Bamco Inc. NY owned about 0.40% of Liberty Media Corporation – Liberty Formula One Series C worth $94,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company’s stock valued at $20,871,000 after purchasing an additional 10,620 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth approximately $1,255,000. Assenagon Asset Management S.A. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 79.9% in 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 in the last quarter. Cantillon Capital Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth $121,803,000. Finally, Geode Capital Management LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock valued at $400,694,000 after purchasing an additional 126,501 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK stock opened at $83.66 on Friday. The company’s fifty day moving average price is $88.03 and its 200-day moving average price is $95.20. 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 company has a market capitalization of $18.75 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 12.03 and a beta of 0.44.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FWONK has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $111.00 in a report on Monday, January 12th. Wells Fargo & Company upgraded Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective 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. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and an average price target of $112.56.

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.