Hyperion Capital Advisors LP Purchases 9,234 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Hyperion Capital Advisors LP boosted its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 58.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,976 shares of the company’s stock after acquiring an additional 9,234 shares during the period. Liberty Media Corporation – Liberty Formula One Series C accounts for about 1.2% of Hyperion Capital Advisors LP’s holdings, making the stock its 17th biggest position. Hyperion Capital Advisors LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.6% in the fourth quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after acquiring an additional 118 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.3% in 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock worth $56,000 after acquiring an additional 120 shares in 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 worth $219,000 after acquiring an additional 121 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.4% in the fourth quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock worth $1,016,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK opened at $88.93 on Friday. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 40.79 and a beta of 0.47. The firm’s fifty day moving average price is $89.16 and its two-hundred day moving average price is $89.59. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $683.42 million. As a group, equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction 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 transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FWONK. UBS Group dropped 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. JPMorgan Chase & Co. decreased their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Wells Fargo & Company upped their price target 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. Finally, 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 report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.75.

About Liberty Media Corporation – Liberty Formula One Series C

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.