Cantillon Capital Management LLC Acquires Shares of 1,166,139 Liberty Media Corporation – Liberty Formula One Series C $FWONK

Cantillon Capital Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,166,139 shares of the company’s stock, valued at approximately $121,803,000. Cantillon Capital Management LLC owned approximately 0.52% of Liberty Media Corporation – Liberty Formula One Series C as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Schroder Investment Management Group increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock worth $904,653,000 after acquiring an additional 402,705 shares during the period. Geode Capital Management LLC grew its holdings 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 worth $400,694,000 after purchasing an additional 126,501 shares in the last quarter. Bank of America Corp DE increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.8% in the second quarter. Bank of America Corp DE now owns 2,665,969 shares of the company’s stock worth $278,594,000 after purchasing an additional 98,354 shares during the period. Norges Bank acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $208,588,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 0.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,916,759 shares of the company’s stock valued at $200,301,000 after purchasing an additional 12,466 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on FWONK. JPMorgan Chase & Co. raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and a consensus price target of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $87.39 on Friday. The firm’s fifty day moving average price is $94.22 and its two-hundred day moving average price is $98.80. The stock has a market cap of $21.85 billion, a PE ratio of 112.04 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. As a group, sell-side analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In related news, insider Renee L. Wilm sold 11,200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the transaction, the insider owned 21,037 shares in the company, valued at $1,933,089.93. This trade represents a 34.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C 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 owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 368,363 shares of company stock worth $36,650,423 over the last three months. Insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.