Hahn Capital Management LLC Reduces Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Hahn Capital Management LLC cut its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 16.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 45,554 shares of the company’s stock after selling 8,869 shares during the period. Liberty Media Corporation – Liberty Formula One Series C makes up approximately 2.4% of Hahn Capital Management LLC’s holdings, making the stock its 20th biggest holding. Hahn Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after acquiring an additional 715,525 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock valued at $1,250,671,000 after purchasing an additional 129,822 shares during the period. Silver Point Capital L.P. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth $302,000. Jericho Capital Asset Management L.P. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 17.8% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company’s stock worth $447,471,000 after purchasing an additional 688,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock valued at $391,290,000 after purchasing an additional 36,599 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $102.20 on Monday. The firm has a market cap of $22.90 billion, a PE ratio of 46.88 and a beta of 0.44. The company has a fifty day simple moving average of $92.33 and a 200 day simple moving average of $89.58. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. As a group, equities research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

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

In related news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

FWONK has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. Wells Fargo & Company upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. lowered their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, UBS Group dropped their target price on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

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.