Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks reports.

Several other analysts have also recently commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a research note on Sunday, October 11th. Bank of America increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. UBS Group raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Guggenheim boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.2%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $92.47 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $107.31. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 135.99 and a beta of 0.46. The stock has a 50-day moving average price of $94.94 and a 200 day moving average price of $91.92.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $952.78 million. Research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kelleher Financial Advisors grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 100.8% in the third quarter. Kelleher Financial Advisors now owns 6,515 shares of the company’s stock valued at $602,000 after purchasing an additional 3,271 shares during the period. Rakuten Investment Management Inc. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.1% in the third quarter. Rakuten Investment Management Inc. now owns 13,851 shares of the company’s stock valued at $1,289,000 after buying an additional 1,601 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth approximately $3,932,000. MGO One Seven LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the 3rd quarter. MGO One Seven LLC now owns 8,456 shares of the company’s stock worth $781,000 after buying an additional 113 shares during the period. Finally, Parcion Private Wealth LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 2,550 shares of the company’s stock worth $236,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.