Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a strong sell rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently issued reports on FWONK. Sanford C. Bernstein raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Wells Fargo & Company lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 29th. UBS Group increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group started coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price objective for the company. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.29.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 4.2%

Shares of NASDAQ:FWONK opened at $95.00 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The company’s 50 day moving average is $98.36 and its 200 day moving average is $93.35. The company has a market cap of $21.31 billion, a PE ratio of 139.71 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. Equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.5% during the 2nd quarter. QRG Capital Management Inc. now owns 8,038 shares of the company’s stock valued at $765,000 after acquiring an additional 1,477 shares during the period. Anchor Investment Management LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $39,000. Junto Capital Management LP boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 178.1% during the second quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock worth $162,431,000 after purchasing an additional 1,093,372 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 13.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock worth $505,297,000 after purchasing an additional 645,996 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 60.4% in the second quarter. Tidal Investments LLC now owns 9,868 shares of the company’s stock valued at $939,000 after purchasing an additional 3,714 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.