7,641 Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,641 shares of the company’s stock, valued at approximately $798,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FORA Capital LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth approximately $313,000. Intrepid Capital Management Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 36.9% in the third quarter. Intrepid Capital Management Inc. now owns 28,679 shares of the company’s stock worth $2,996,000 after acquiring an additional 7,730 shares during the last quarter. ShawSpring Partners LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth $22,720,000. Johnson Financial Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 517.0% in the third quarter. Johnson Financial Group Inc. now owns 617 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares in the last quarter. Finally, Sands Capital Management LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.4% in the third quarter. Sands Capital Management LLC now owns 2,014,627 shares of the company’s stock valued at $210,428,000 after acquiring an additional 103,594 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on FWONK. Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $93.00 to $95.00 in a report on Friday, February 27th. JPMorgan Chase & Co. lifted their price target 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 report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.56.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ FWONK opened at $83.66 on Friday. The company has a market cap of $18.75 billion, a P/E ratio of 38.03, a P/E/G ratio of 12.25 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36. The company has a 50-day moving average of $88.03 and a 200-day moving average of $95.25.

Insider Activity

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.31% of the stock is currently owned by insiders.

About Liberty Media Corporation – Liberty Formula One Series C

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.