Lecap Asset Management Ltd. Purchases Shares of 3,089 Liberty Media Corporation – Liberty Formula One Series C $FWONK

Lecap Asset Management Ltd. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 2nd quarter, HoldingsChannel reports. The fund acquired 3,089 shares of the company’s stock, valued at approximately $323,000.

Several other large investors also recently modified their holdings of the business. ASR Vermogensbeheer N.V. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 5.6% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 24,426 shares of the company’s stock valued at $2,552,000 after purchasing an additional 1,304 shares during the period. LBP AM SA bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $1,602,000. Chicago Capital LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $580,000. SeaBridge Investment Advisors LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.0% during the second quarter. SeaBridge Investment Advisors LLC now owns 26,339 shares of the company’s stock valued at $2,752,000 after acquiring an additional 1,946 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $222,000. 92.26% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director owned 1,781 shares of the company’s stock, valued at $178,456.20. The trade was a 33.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 5,651 shares of company stock worth $572,250. 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 $104.83 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $74.34 and a 52-week high of $106.51. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 102.78 and a beta of 0.47. The stock’s 50-day simple moving average is $101.03 and its two-hundred day simple moving average is $96.60.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FWONK has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Guggenheim increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Bank of America assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. Finally, Susquehanna raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the company a “positive” rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.22.

About Liberty Media Corporation – Liberty Formula One Series C

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.