CenterBook Partners LP Acquires 31,501 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

CenterBook Partners LP boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 69.3% in the 3rd quarter, Holdings Channel reports. The fund owned 76,936 shares of the company’s stock after acquiring an additional 31,501 shares during the quarter. CenterBook Partners LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $7,109,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock worth $925,299,000 after purchasing an additional 302,191 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock valued at $505,297,000 after purchasing an additional 645,996 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 1,376,984 shares during the last quarter. Hawk Ridge Capital Management LP increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 38.9% in the first quarter. Hawk Ridge Capital Management LP now owns 1,849,660 shares of the company’s stock valued at $157,258,000 after purchasing an additional 518,300 shares during the last quarter. Finally, Junto Capital Management LP increased its holdings in shares of 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 purchasing an additional 1,093,372 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Trending Headlines about Liberty Media Corporation – Liberty Formula One Series C

Here are the key news stories impacting Liberty Media Corporation – Liberty Formula One Series C this week:

• Positive Sentiment: Wells Fargo raised its price target to $113 from $96, indicating about 6.3% potential upside from the cited $106.33 price. The firm maintained an “equal weight” rating, so the higher target is a modestly supportive signal rather than a bullish upgrade. Wells Fargo ratings
• Neutral Sentiment: Liberty Media’s third-quarter revenue rose, and EPS increased to $0.43 from $0.24 a year earlier. The report also said John Malone’s voting power declined to 3%; the articles provided no further details on the implications. Liberty Media Q3 revenue and voting power
• Negative Sentiment: Quarterly EPS of $0.43 missed analyst estimates of $0.56–$0.59, and revenue of $1.23 billion was below the $1.24 billion consensus. The earnings and revenue shortfalls may weigh on investor sentiment despite year-over-year EPS growth. Q3 earnings and revenue results

Wall Street Analyst Weigh In

FWONK has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $96.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Friday. Jefferies Financial Group started coverage on 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 target price for the company. JPMorgan Chase & Co. lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Guggenheim boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.62.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.2%

NASDAQ FWONK traded down $0.19 during trading hours on Friday, reaching $106.33. The company had a trading volume of 3,445,435 shares, compared to its average volume of 2,341,325. The stock has a 50-day moving average of $94.54 and a 200 day moving average of $92.18. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $108.35. The stock has a market capitalization of $23.85 billion, a P/E ratio of 122.22 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, sell-side analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current year.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.