CenterBook Partners LP Boosts Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

CenterBook Partners LP raised its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 26.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,563 shares of the company’s stock after purchasing an additional 7,465 shares during the quarter. CenterBook Partners LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 51.0% during the second quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock worth $52,701,000 after acquiring an additional 170,435 shares during the period. Cresset Asset Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth approximately $502,000. Daiwa Securities Group Inc. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 20.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company’s stock worth $3,902,000 after acquiring an additional 6,285 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth approximately $1,863,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth approximately $1,255,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of research reports. Weiss Ratings raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wells Fargo & Company increased their target price 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. JPMorgan Chase & Co. lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, UBS Group dropped 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 research note on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average price target of $111.75.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.9%

Shares of FWONK stock opened at $86.87 on Tuesday. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 39.85 and a beta of 0.47. The company’s 50 day moving average is $88.74 and its 200 day moving average is $89.71. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36.

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 business had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $683.42 million. Analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 EPS for the current fiscal year.

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

In related news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C 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 transaction, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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.