Janus Henderson Group PLC Grows Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Janus Henderson Group PLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 2.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,883,212 shares of the company’s stock after purchasing an additional 302,191 shares during the period. Janus Henderson Group PLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $925,299,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Amundi raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 36.1% in the first quarter. Amundi now owns 759,738 shares of the company’s stock worth $64,593,000 after buying an additional 201,643 shares during the period. Royal Bank of Canada grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.4% during the 1st quarter. Royal Bank of Canada now owns 611,807 shares of the company’s stock valued at $52,015,000 after acquiring an additional 72,334 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,665,090 shares of the company’s stock valued at $396,626,000 after acquiring an additional 981,047 shares during the period. Hawk Ridge Capital Management LP increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 38.9% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,849,660 shares of the company’s stock worth $157,258,000 after acquiring an additional 518,300 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 55.5% in the 1st quarter. Quantinno Capital Management LP now owns 310,148 shares of the company’s stock worth $26,369,000 after acquiring an additional 110,669 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $101.82 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 46.71 and a beta of 0.44. The business has a 50 day simple moving average of $93.56 and a two-hundred day simple moving average of $89.71.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Bank of America raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Wall Street Zen raised 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. Guggenheim raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. 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, Sanford C. Bernstein upped 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. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.00.

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 the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider owned 15,590 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This trade represents a 51.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.31% of the company’s stock.

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.