Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 10.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 214,919 shares of the company’s stock after acquiring an additional 21,020 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $21,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cantillon Capital Management LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth approximately $121,803,000. Vanguard Group Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after purchasing an additional 715,525 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth approximately $69,318,000. Hawk Ridge Capital Management LP purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth approximately $63,244,000. Finally, Jain Global LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 6,361.7% during the 3rd quarter. Jain Global LLC now owns 419,042 shares of the company’s stock worth $43,769,000 after buying an additional 412,557 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 1.0%

FWONK stock opened at $85.95 on Friday. The company has a market capitalization of $19.26 billion, a P/E ratio of 39.07, a PEG ratio of 15.21 and a beta of 0.53. The business has a 50 day simple moving average of $86.70 and a 200-day simple moving average of $91.50. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36.

Analyst Ratings Changes

FWONK has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Friday, March 27th. UBS Group dropped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Finally, Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.78.

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.