Liberty Media Corporation – Liberty Formula One Series C $FWONK Holdings Cut by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lowered its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,822 shares of the company’s stock after selling 33,845 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C accounts for approximately 4.6% of Cooper Investors PTY Ltd.’s holdings, making the stock its 7th biggest holding. Cooper Investors PTY Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $13,774,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FWONK. Axxcess Wealth Management LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock worth $552,000 after acquiring an additional 119 shares during the last quarter. Compound Planning Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after purchasing an additional 121 shares during the last quarter. Yousif Capital Management LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 4.7% during the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock valued at $286,000 after purchasing an additional 124 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 36.0% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock valued at $57,000 after purchasing an additional 145 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 24.7% during the 2nd quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock worth $89,000 after purchasing an additional 169 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $93.00 to $95.00 in a research report on Friday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Six equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $81.63 on Monday. The business’s 50 day moving average is $86.44 and its two-hundred day moving average is $94.01. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The company has a market cap of $18.29 billion, a PE ratio of 37.10, a P/E/G ratio of 14.66 and a beta of 0.44.

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.