Boothbay Fund Management LLC Has $2.58 Million Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Boothbay Fund Management LLC grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 486.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,732 shares of the company’s stock after buying an additional 20,518 shares during the quarter. Boothbay Fund Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,583,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FWONK. Headlands Technologies LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $39,000. Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at about $41,000. Farther Finance Advisors LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% during the third quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after purchasing an additional 262 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% during the third quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock valued at $51,000 after purchasing an additional 469 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $87.19 on Tuesday. The stock’s 50-day moving average is $87.81 and its 200 day moving average is $95.08. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 12.03 and a beta of 0.44.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $93.00 to $95.00 in a report on Friday, February 27th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Finally, 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. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.56.

Insider Activity

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Liberty Media Corporation – Liberty Formula One Series C 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.