Fosse Capital Partners LLP Sells 50,925 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Fosse Capital Partners LLP reduced its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 5.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 924,858 shares of the company’s stock after selling 50,925 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises 58.6% of Fosse Capital Partners LLP’s portfolio, making the stock its biggest holding. Fosse Capital Partners LLP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $96,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $38,000. Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $39,000. Root Financial Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at approximately $41,000. Farther Finance Advisors LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after acquiring an additional 262 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock worth $51,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $86.01 on Wednesday. The stock has a 50-day simple moving average of $88.87 and a 200 day simple moving average of $95.53. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The stock has a market capitalization of $19.27 billion, a PE ratio of 39.10, a P/E/G ratio of 12.13 and a beta of 0.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price objective 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 report on Tuesday, December 2nd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.56.

Liberty Media Corporation – Liberty Formula One Series C 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.