Nisa Investment Advisors LLC Sells 84,121 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Nisa Investment Advisors LLC lessened its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 96.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,001 shares of the company’s stock after selling 84,121 shares during the period. Nisa Investment Advisors LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $313,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 25.8% during 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 during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,314 shares of the company’s stock valued at $1,165,000 after purchasing an additional 548 shares during the last quarter. Western Pacific Wealth Management LP lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 71.4% in the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock valued at $125,000 after purchasing an additional 500 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $29,000. Finally, Cooper Investors PTY Ltd. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 6.6% in the second quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company’s stock worth $21,165,000 after buying an additional 12,580 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ:FWONK opened at $89.28 on Friday. The business’s fifty day moving average is $95.23 and its 200 day moving average is $99.20. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 114.46 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36.

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

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the transaction, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This trade represents a 34.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction 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 transaction, 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 368,363 shares of company stock valued at $36,650,423. 4.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FWONK has been the topic of a number of recent research reports. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Wells Fargo & Company lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. 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. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.20.

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.