12,006 Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,006 shares of the company’s stock, valued at approximately $1,255,000.

A number of other institutional investors and hedge funds have also modified their holdings of FWONK. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $29,000. Headlands Technologies LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $39,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $46,000. Finally, Assetmark Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% in the second quarter. Assetmark Inc. now owns 500 shares of the company’s stock worth $52,000 after acquiring an additional 333 shares during the period. Institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FWONK. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 15th. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. One investment 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 company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $97.18 on Friday. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 124.59 and a beta of 0.48. 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 firm has a fifty day moving average price of $97.06 and a 200-day moving average price of $100.02.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider owned 21,037 shares of the company’s stock, valued at $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chase Carey sold 109,121 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the completion of the transaction, the director owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. The trade was a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 368,363 shares of company stock worth $36,650,423. Insiders own 4.31% of the company’s stock.

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.