Cwm LLC Lowers Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Cwm LLC reduced its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,829 shares of the company’s stock after selling 132 shares during the period. Cwm LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $191,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 17.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,880 shares of the company’s stock worth $1,555,000 after purchasing an additional 2,219 shares in the last quarter. Inspire Investing LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $208,000. Aberdeen Group plc boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the second quarter. Aberdeen Group plc now owns 142,110 shares of the company’s stock valued at $14,850,000 after buying an additional 10,058 shares during the period. Greenwood Gearhart Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.4% during the second quarter. Greenwood Gearhart Inc. now owns 175,020 shares of the company’s stock valued at $18,289,000 after purchasing an additional 692 shares during the period. Finally, Callan Family Office LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $239,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 1.0%

Shares of FWONK opened at $95.97 on Thursday. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 94.09 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $75.26 and a 1-year high of $109.36. The company’s fifty day simple moving average is $101.45 and its 200 day simple moving average is $98.72.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FWONK. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, October 14th. Guggenheim lifted 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 report on Tuesday, July 22nd. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Bank of America assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the transaction, the director owned 1,781 shares of the company’s stock, valued at $178,456.20. This represents a 33.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 5,651 shares of company stock worth $572,250. Insiders own 4.31% of the company’s stock.

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.