Clough Capital Partners L P Has $7.54 Million Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Clough Capital Partners L P reduced its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 57.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,204 shares of the company’s stock after selling 97,312 shares during the period. Clough Capital Partners L P’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $7,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FWONK. Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $208,588,000. Cantillon Capital Management LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at $121,803,000. Munro Partners acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $111,340,000. Hawk Ridge Capital Management LP acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $63,244,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.9% during the second quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock valued at $904,653,000 after acquiring an additional 402,705 shares during the period. 92.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented 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 boosted their target price for the company from $93.00 to $95.00 in a research note on Friday, February 27th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.56.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $83.66 on Friday. The business has a fifty day moving average price of $88.03 and a 200 day moving average price of $95.20. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 12.03 and a beta of 0.44.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.31% of the company’s stock.

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.