Bradley Foster & Sargent Inc. CT Sells 9,615 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Bradley Foster & Sargent Inc. CT trimmed its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.2% in the third quarter, HoldingsChannel reports. The fund owned 821,716 shares of the company’s stock after selling 9,615 shares during the period. Liberty Media Corporation – Liberty Formula One Series C makes up 1.3% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 18th biggest position. Bradley Foster & Sargent Inc. CT’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $85,828,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FWONK. Headlands Technologies LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $38,000. Osterweis Capital Management Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $39,000. Root Financial Partners LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth about $41,000. Farther Finance Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after acquiring an additional 262 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock valued at $51,000 after acquiring an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.7%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $87.17 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36. The firm has a market capitalization of $21.80 billion, a P/E ratio of 111.76 and a beta of 0.48. The business has a fifty day simple moving average of $90.87 and a two-hundred day simple moving average of $96.42.

Wall Street Analyst Weigh In

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

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.