Teacher Retirement System of Texas Raises Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Teacher Retirement System of Texas boosted its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 4.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,146 shares of the company’s stock after buying an additional 1,275 shares during the quarter. Teacher Retirement System of Texas’ holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,359,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FWONK. S Bank Fund Management Ltd purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $347,000. Praxis Investment Management Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 28.1% in the 2nd quarter. Praxis Investment Management Inc. now owns 12,640 shares of the company’s stock valued at $1,321,000 after purchasing an additional 2,770 shares during the last quarter. Cooper Investors PTY Ltd. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 6.6% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company’s stock valued at $21,165,000 after purchasing an additional 12,580 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 25.8% in the 1st quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock valued at $5,618,000 after purchasing an additional 12,817 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after purchasing an additional 23,809 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.4%

NASDAQ:FWONK opened at $99.85 on Friday. The company has a market cap of $22.33 billion, a P/E ratio of 97.89 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36. The firm’s 50 day moving average is $101.34 and its two-hundred day moving average is $99.00.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares in the company, valued at $178,456.20. This represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 5,651 shares of company stock worth $572,250 over the last ninety days. 4.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FWONK has been the subject of a number of analyst 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. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Wells Fargo & Company reduced their price target on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Guggenheim upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Profile

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.