Bradley Foster & Sargent Inc. CT Has $85.83 Million Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Bradley Foster & Sargent Inc. CT reduced its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 821,716 shares of the company’s stock after selling 9,615 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises 1.3% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 18th largest holding. Bradley Foster & Sargent Inc. CT owned approximately 0.37% of Liberty Media Corporation – Liberty Formula One Series C worth $85,828,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $38,000. Osterweis Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $39,000. Root Financial Partners LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at approximately $41,000. Farther Finance Advisors LLC raised its holdings in 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 worth $47,000 after buying an additional 262 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock valued at $51,000 after acquiring an additional 469 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FWONK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. boosted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has a consensus rating of “Moderate Buy” and an average price target of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ:FWONK opened at $87.17 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 111.76 and a beta of 0.48. The business’s fifty day moving average is $90.87 and its 200 day moving average is $96.42.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.