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

Hahn Capital Management LLC reduced its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 accounts for about 2.4% of Hahn Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Hahn Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FWONK. Franklin Resources Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 265.1% during the fourth quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after acquiring an additional 841,729 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at $297,358,000. Braun Stacey Associates Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.3% during the 1st quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock worth $23,506,000 after purchasing an additional 14,039 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the third quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock worth $37,375,000 after purchasing an additional 89,673 shares during the last quarter. Finally, Diversified Trust Co. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth $2,469,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ FWONK opened at $102.20 on Monday. 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 firm has a fifty day moving average of $92.33 and a 200-day moving average of $89.58. The stock has a market capitalization of $22.90 billion, a PE ratio of 46.88 and a beta of 0.44.

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

Insider Activity

In other 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 transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. The trade was a 51.45% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.31% of the company’s stock.

Analyst Ratings Changes

FWONK has been the subject of a number of recent analyst reports. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Wells Fargo & Company raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. UBS Group lowered their price target on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of 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, 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 research note on Friday, May 1st. Five 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.14.

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.