Evelyn Partners Investment Management Services Ltd Sells 1,219 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Evelyn Partners Investment Management Services Ltd trimmed its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 49.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,236 shares of the company’s stock after selling 1,219 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FWONK. Russell Investments Group Ltd. raised its holdings in 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 worth $11,570,000 after buying an additional 23,809 shares during the last quarter. Allstate Corp increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.8% during the first quarter. Allstate Corp now owns 8,253 shares of the company’s stock valued at $743,000 after acquiring an additional 2,087 shares in the last quarter. Strs Ohio purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter worth approximately $2,370,000. Voya Investment Management LLC lifted its position 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 acquiring an additional 12,817 shares in the last quarter. Finally, Swedbank AB boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 210.6% during the 1st quarter. Swedbank AB now owns 21,781 shares of the company’s stock valued at $1,961,000 after purchasing an additional 14,768 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the sale, the director owned 93,102 shares of the company’s stock, valued at $9,546,679.08. This trade represents a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 206,978 shares of company stock worth $21,125,393 in the last quarter. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK opened at $93.52 on Friday. 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 capitalization of $23.38 billion, a P/E ratio of 119.90 and a beta of 0.46. The business has a fifty day moving average of $100.95 and a 200 day moving average of $100.29.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. Analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America started coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price for the company. Wells Fargo & Company increased 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 report on Thursday, November 6th. Zacks Research lowered 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. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, November 17th. Finally, UBS Group raised their price target 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 report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.11.

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.