BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Liberty Media Formula One Series C (NASDAQ:FWONK) by 26.7% in the 1st quarter, HoldingsChannel reports. The fund owned 37,422 shares of the company’s stock after selling 13,660 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Liberty Media Formula One Series C were worth $1,312,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. State of Alaska Department of Revenue grew its position in Liberty Media Formula One Series C by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 21,287 shares of the company’s stock valued at $746,000 after acquiring an additional 327 shares in the last quarter. S&CO Inc. grew its position in shares of Liberty Media Formula One Series C by 0.3% during the first quarter. S&CO Inc. now owns 123,229 shares of the company’s stock worth $4,319,000 after buying an additional 330 shares in the last quarter. Twin Capital Management Inc. grew its position in shares of Liberty Media Formula One Series C by 0.4% during the first quarter. Twin Capital Management Inc. now owns 88,730 shares of the company’s stock worth $3,110,000 after buying an additional 330 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Liberty Media Formula One Series C by 2.2% during the fourth quarter. Hsbc Holdings PLC now owns 20,359 shares of the company’s stock worth $625,000 after buying an additional 429 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Liberty Media Formula One Series C by 2.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,169 shares of the company’s stock worth $847,000 after buying an additional 589 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on FWONK. Zacks Investment Research downgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. TheStreet raised shares of Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research report on Friday, May 17th. B. Riley raised shares of Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a research report on Thursday, May 16th. Finally, ValuEngine raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.33.

FWONK stock opened at $37.33 on Monday. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $39.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.44.

Liberty Media Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.13). Liberty Media Formula One Series C had a negative return on equity of 1.25% and a negative net margin of 14.34%. The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $216.27 million. As a group, equities analysts forecast that Liberty Media Formula One Series C will post -0.85 EPS for the current fiscal year.

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Liberty Media Formula One Series C Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Institutional Ownership by Quarter for Liberty Media Formula One Series C (NASDAQ:FWONK)

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