Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $100.83.

FWONK has been the topic of several recent analyst reports. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a report on Wednesday, June 4th. Susquehanna initiated coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, April 28th. They issued a “positive” rating and a $115.00 price target on the stock. Wells Fargo & Company reduced their price target on Liberty Media Corporation – Liberty Formula One Series C from $83.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 50,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the transaction, the director now directly owns 93,102 shares in the company, valued at $8,807,449.20. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hahn Capital Management LLC increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 47.7% in the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company’s stock valued at $6,226,000 after acquiring an additional 21,699 shares during the period. Allstate Corp purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at $571,000. Greenwood Gearhart Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.7% in the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company’s stock valued at $16,764,000 after acquiring an additional 4,761 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock valued at $37,529,000 after acquiring an additional 4,897 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company’s stock valued at $32,518,000 after acquiring an additional 6,297 shares during the period. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $103.46 on Monday. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $70.31 and a 1 year high of $103.80. The stock’s 50 day simple moving average is $93.44 and its two-hundred day simple moving average is $92.33. The company has a market cap of $25.81 billion, a PE ratio of -258.65 and a beta of 0.42.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.23. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $440.80 million. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.