Manchester Global Management UK Ltd Lowers Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Manchester Global Management UK Ltd reduced its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 6.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 315,746 shares of the company’s stock after selling 20,149 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises 4.2% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 10th largest holding. Manchester Global Management UK Ltd’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $31,104,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FWONK. Zions Bancorporation National Association UT boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% in the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock valued at $29,000 after buying an additional 188 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at about $34,000. Headlands Technologies LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $38,000. Osterweis Capital Management Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 70.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock valued at $42,000 after buying an additional 175 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The SEC filing for this sale provides additional information.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.5%

FWONK opened at $89.63 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36. The firm has a market capitalization of $20.09 billion, a PE ratio of 41.11 and a beta of 0.47. The firm has a 50 day moving average of $89.24 and a two-hundred day moving average of $89.50.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $683.42 million. As a group, analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.75.

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.