Liberty Media Corporation – Liberty Formula One Series C $FWONK Position Increased by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 167.4% during the third quarter, Holdings Channel reports. The institutional investor owned 312,499 shares of the company’s stock after buying an additional 195,639 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises approximately 15.4% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its largest holding. Cooper Investors PTY Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $28,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth approximately $297,358,000. Bank of America Corp DE boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 43.2% in the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock valued at $387,845,000 after acquiring an additional 1,376,984 shares in the last quarter. Junto Capital Management LP boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 178.1% in the second quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock valued at $162,431,000 after acquiring an additional 1,093,372 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the first quarter. The Manufacturers Life Insurance Company now owns 4,665,090 shares of the company’s stock worth $396,626,000 after purchasing an additional 981,047 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 893.8% in the second quarter. Engineers Gate Manager LP now owns 1,049,351 shares of the company’s stock worth $99,835,000 after purchasing an additional 943,757 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FWONK shares. Bank of America upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a research report on Sunday. JPMorgan Chase & Co. raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Jefferies Financial Group began coverage on Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, September 9th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. Five research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.29.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.8%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock traded down $0.79 during midday trading on Tuesday, hitting $93.02. The company had a trading volume of 3,394,597 shares, compared to its average volume of 2,097,942. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 136.79 and a beta of 0.46. The company has a fifty day simple moving average of $97.87 and a 200 day simple moving average of $93.75. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $107.31.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. As a group, analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current year.

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.