M & L Capital Management Ltd Has $10.24 Million Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

M & L Capital Management Ltd increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,965 shares of the company’s stock after acquiring an additional 15,300 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises about 2.1% of M & L Capital Management Ltd’s portfolio, making the stock its 10th largest position. M & L Capital Management Ltd’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $10,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company’s stock valued at $20,871,000 after purchasing an additional 10,620 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $1,255,000. Assenagon Asset Management S.A. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 79.9% during the third quarter. Assenagon Asset Management S.A. now owns 85,657 shares of the company’s stock worth $8,947,000 after buying an additional 38,054 shares during the period. Cantillon Capital Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $121,803,000. Finally, Banco Santander S.A. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at approximately $1,685,000. 92.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $93.00 to $95.00 in a report on Friday, February 27th. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.6%

NASDAQ:FWONK opened at $82.74 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The firm has a market capitalization of $18.54 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 11.80 and a beta of 0.44. The stock’s 50 day moving average price is $87.00 and its two-hundred day moving average price is $94.52.

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.