48,046 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd bought a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 48,046 shares of the company’s stock, valued at approximately $4,439,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooper Investors PTY Ltd. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 167.4% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 312,499 shares of the company’s stock valued at $28,875,000 after buying an additional 195,639 shares in the last quarter. Lincoln Capital LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.0% during the 3rd quarter. Lincoln Capital LLC now owns 87,968 shares of the company’s stock valued at $8,150,000 after acquiring an additional 3,373 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,020 shares of the company’s stock valued at $464,000 after acquiring an additional 1,528 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 18.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock valued at $104,000 after acquiring an additional 178 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at $217,000. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ:FWONK traded down $0.41 during trading on Wednesday, hitting $92.61. The company had a trading volume of 779,719 shares, compared to its average volume of 2,091,044. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 136.21 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $80.15 and a one year high of $107.31. The company has a fifty day simple moving average of $97.80 and a two-hundred day simple moving average of $93.82.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $952.78 million. On average, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. Jefferies Financial Group initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price objective for the company. UBS Group lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a report on Sunday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and an average price target of $116.29.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.