Clough Capital Partners L P Has $7.54 Million Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Clough Capital Partners L P cut its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 57.4% in the third quarter, HoldingsChannel reports. The fund owned 72,204 shares of the company’s stock after selling 97,312 shares during the period. Clough Capital Partners L P’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $7,542,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $39,000. Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 138.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock worth $47,000 after buying 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% during the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock worth $51,000 after buying an additional 469 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ FWONK opened at $83.66 on Friday. The company’s 50 day simple moving average is $88.03 and its 200 day simple moving average is $95.20. 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 has a market capitalization of $18.75 billion, a P/E ratio of 38.03, a P/E/G ratio of 12.03 and a beta of 0.44.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.31% of the company’s stock.

Analysts Set New Price Targets

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