Diversified Trust Co. Makes New Investment in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Diversified Trust Co. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 25,068 shares of the company’s stock, valued at approximately $2,469,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FWONK. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $208,588,000. Cantillon Capital Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth $121,803,000. Munro Partners acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $111,340,000. Hawk Ridge Capital Management LP acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $63,244,000. Finally, Jain Global LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 6,361.7% during the third quarter. Jain Global LLC now owns 419,042 shares of the company’s stock valued at $43,769,000 after purchasing an additional 412,557 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. cut their price objective on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Finally, Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $93.00 to $95.00 in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $83.40 on Wednesday. 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. The stock’s 50-day moving average is $86.86 and its two-hundred day moving average is $94.39. The firm has a market cap of $18.69 billion, a P/E ratio of 37.91, a PEG ratio of 11.99 and a beta of 0.44.

Liberty Media Corporation – Liberty Formula One Series C 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.