Victory Capital Management Inc. Acquires 12,891 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Victory Capital Management Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 3.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 341,793 shares of the company’s stock after purchasing an additional 12,891 shares during the period. Victory Capital Management Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $35,700,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Axxcess Wealth Management LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock worth $552,000 after buying an additional 119 shares during the period. Compound Planning Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after buying an additional 121 shares during the period. Yousif Capital Management LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% during the third quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock worth $286,000 after acquiring an additional 124 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 36.0% during the third quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock worth $57,000 after acquiring an additional 145 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 24.7% during the second quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock worth $89,000 after acquiring an additional 169 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated 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 sale, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.3%

Shares of FWONK stock opened at $83.77 on Monday. The firm’s fifty day moving average price is $89.38 and its two-hundred day moving average price is $95.76. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36. The firm has a market capitalization of $18.77 billion, a P/E ratio of 38.08, a PEG ratio of 12.04 and a beta of 0.44.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FWONK shares. JPMorgan Chase & Co. upped 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. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $110.00 to $111.00 in a report on Monday, January 12th. Wells Fargo & Company raised Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $93.00 to $95.00 in a research 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 report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the 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 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.