1,166,139 Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK Bought by Cantillon Capital Management LLC

Cantillon Capital Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 3rd quarter, Holdings Channel.com reports. The firm bought 1,166,139 shares of the company’s stock, valued at approximately $121,803,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FWONK. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 worth $1,165,000 after acquiring an additional 548 shares during the period. GAMMA Investing LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 10.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after purchasing an additional 213 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $222,000. SeaBridge Investment Advisors LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.0% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 26,339 shares of the company’s stock worth $2,752,000 after purchasing an additional 1,946 shares during the period. Finally, Chicago Capital LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $580,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

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 business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the sale, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 368,363 shares of company stock valued at $36,650,423. Corporate insiders own 4.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FWONK shares. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. 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 research report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 2.4%

Shares of NASDAQ FWONK opened at $87.39 on Friday. The firm has a market capitalization of $21.85 billion, a P/E ratio of 112.04 and a beta of 0.47. The firm’s 50-day moving average price is $94.22 and its 200-day moving average price is $98.80. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $75.26 and a 1-year 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 analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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.