Contour Asset Management LLC Buys 29,916 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Contour Asset Management LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,209,227 shares of the company’s stock after acquiring an additional 29,916 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises about 2.8% of Contour Asset Management LLC’s portfolio, making the stock its 15th biggest position. Contour Asset Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $119,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter valued at about $297,358,000. Boothbay Fund Management LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 57.7% in the fourth quarter. Boothbay Fund Management LLC now owns 38,999 shares of the company’s stock worth $3,842,000 after purchasing an additional 14,267 shares in the last quarter. Alamut Investment Management LLP raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.6% in the fourth quarter. Alamut Investment Management LLP now owns 196,311 shares of the company’s stock worth $19,339,000 after purchasing an additional 6,908 shares in the last quarter. Align Financial LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter valued at about $59,000. Finally, Hawk Ridge Capital Management LP boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 119.9% in the 4th quarter. Hawk Ridge Capital Management LP now owns 1,331,360 shares of the company’s stock valued at $131,152,000 after buying an additional 725,860 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.35 on Thursday. The firm has a market capitalization of $20.25 billion, a P/E ratio of 41.45 and a beta of 0.47. The company has a 50 day moving average price of $89.32 and a 200 day moving average price of $89.46. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $683.42 million. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director owned 94,356 shares in the company, valued at $8,518,459.68. This trade represents a 51.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. 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 report on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. 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. Finally, UBS Group lowered their price objective 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 research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.75.

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.