Cantillon Capital Management LLC Reduces Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Cantillon Capital Management LLC lowered its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 39.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,035,685 shares of the company’s stock after selling 671,214 shares during the period. Cantillon Capital Management LLC owned 0.46% of Liberty Media Corporation – Liberty Formula One Series C worth $88,054,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after purchasing an additional 715,525 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock valued at $1,250,671,000 after buying an additional 129,822 shares during the period. Silver Point Capital L.P. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter valued at $302,000. Jericho Capital Asset Management L.P. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 17.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company’s stock valued at $447,471,000 after buying an additional 688,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock worth $391,290,000 after acquiring an additional 36,599 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FWONK. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Bank of America increased their target price 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 report on Monday, July 6th. Weiss Ratings upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, UBS Group dropped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and an average target price of $111.14.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ:FWONK opened at $102.20 on Monday. The business’s fifty day moving average is $92.33 and its 200 day moving average is $89.58. The firm has a market cap of $22.90 billion, a price-to-earnings ratio of 46.88 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. Equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

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

In related news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company 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.