Intech Investment Management LLC Buys 5,955 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Intech Investment Management LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 99.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,916 shares of the company’s stock after purchasing an additional 5,955 shares during the quarter. Intech Investment Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FWONK. Vanguard Group Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after purchasing an additional 715,525 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth approximately $69,318,000. Hawk Ridge Capital Management LP acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth approximately $63,244,000. Jain Global LLC increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 6,361.7% during the 3rd quarter. Jain Global LLC now owns 419,042 shares of the company’s stock worth $43,769,000 after acquiring an additional 412,557 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 1,684.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 318,290 shares of the company’s stock worth $33,245,000 after acquiring an additional 300,458 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FWONK shares. JPMorgan Chase & Co. decreased their target price 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. 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. Wells Fargo & Company boosted 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. 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. Finally, UBS Group decreased 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and an average target price of $111.75.

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

In related 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 completion of the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.31% of the stock is owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK opened at $87.68 on Friday. The business has a fifty day simple moving average of $88.67 and a 200 day simple moving average of $89.84. The company has a market capitalization of $19.65 billion, a PE ratio of 40.22 and a beta of 0.47. 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 released its quarterly earnings results 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 firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Company 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.