Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock Position Lifted by Cantillon Capital Management LLC

Cantillon Capital Management LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 46.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,706,899 shares of the company’s stock after buying an additional 540,760 shares during the period. Cantillon Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $168,147,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock worth $2,081,841,000 after buying an additional 715,525 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock worth $1,250,671,000 after buying an additional 129,822 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.1% during the 3rd quarter. Schroder Investment Management Group now owns 8,843,048 shares of the company’s stock worth $923,656,000 after buying an additional 186,077 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock worth $391,290,000 after buying an additional 36,599 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 2,665,969 shares of the company’s stock worth $278,594,000 after buying an additional 98,354 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This trade represents a 51.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of NASDAQ FWONK opened at $87.68 on Monday. The company has a market cap of $19.65 billion, a price-to-earnings ratio of 40.22 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36. The stock’s 50 day simple moving average is $88.67 and its 200 day simple moving average is $89.78.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. As a group, equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FWONK has been the topic of a number of research analyst reports. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company increased their target price on 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. Weiss Ratings raised 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. UBS Group reduced their target price on 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. Finally, JPMorgan Chase & Co. cut their price target on 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. Five investment 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.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and an average price target of $111.75.

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.