Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.4% in the 1st quarter, Holdings Channel reports. The firm owned 951,369 shares of the company’s stock after acquiring an additional 65,598 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises approximately 1.3% of Bradley Foster & Sargent Inc. CT’s holdings, making the stock its 21st biggest position. Bradley Foster & Sargent Inc. CT’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $80,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% in the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after purchasing an additional 188 shares during the last quarter. Advisory Services Network LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at approximately $34,000. Headlands Technologies LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 70.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock worth $42,000 after buying an additional 175 shares during 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 Trading Up 0.6%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $97.05 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 44.52 and a beta of 0.44. The company’s 50-day moving average price is $92.96 and its two-hundred day moving average price is $89.62.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. Research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of recent research reports. UBS Group cut 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 note on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Bank of America lifted their price objective 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 research report on Monday, July 6th. Finally, Wells Fargo & Company boosted their target price 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 note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Hold” and a consensus price target of $110.20.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction on 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 transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.31% of the stock is owned by company insiders.

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.