Aigen Investment Management LP Buys Shares of 25,215 Liberty Media Corporation – Liberty Formula One Series C $FWONK

Aigen Investment Management LP bought a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 25,215 shares of the company’s stock, valued at approximately $2,484,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FWONK. Norges Bank purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at about $195,762,000. Franklin Resources Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 265.1% in the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock valued at $114,192,000 after purchasing an additional 841,729 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after purchasing an additional 715,525 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at about $69,318,000. Finally, Hawk Ridge Capital Management LP purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at about $63,244,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

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

In other news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.31% of the stock is owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.6%

Shares of NASDAQ:FWONK opened at $88.93 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36. The company has a 50 day moving average of $89.16 and a two-hundred day moving average of $89.59. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 40.79 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued 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 firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. On average, equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

FWONK has been the topic of a number of recent research reports. 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 report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Wells Fargo & Company increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, UBS Group cut their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.75.

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.