Longboard Asset Management LP Buys New Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Longboard Asset Management LP bought a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,302 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.7% in the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock valued at $11,570,000 after acquiring an additional 23,809 shares during the last quarter. Strs Ohio acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at $2,370,000. Public Employees Retirement System of Ohio grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock valued at $37,529,000 after buying an additional 4,897 shares during the period. California State Teachers Retirement System grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company’s stock valued at $32,518,000 after buying an additional 6,297 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at $999,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analyst Ratings Changes

FWONK has been the topic of several research reports. UBS Group boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Susquehanna boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. 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 report on Tuesday, September 9th. 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 set a “neutral” rating and a $110.00 price objective on the stock. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.5%

FWONK opened at $102.02 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $74.34 and a twelve month high of $106.26. The company has a fifty day moving average of $100.81 and a 200-day moving average of $95.30. The stock has a market cap of $22.81 billion, a PE ratio of 100.02 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.71. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,651 shares of company stock worth $572,250 over the last 90 days. 4.31% of the stock is owned by company insiders.

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.