Liberty Media Corporation – Liberty Formula One Series C $FWONK Holdings Increased by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP lifted its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 77.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,161 shares of the company’s stock after acquiring an additional 6,598 shares during the period. Liberty Media Corporation – Liberty Formula One Series C accounts for approximately 1.0% of Hyperion Capital Advisors LP’s holdings, making the stock its 16th biggest position. Hyperion Capital Advisors LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $208,588,000. Schroder Investment Management Group boosted its stake in 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 buying an additional 402,705 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2,625.1% during the second quarter. Balyasny Asset Management L.P. now owns 220,733 shares of the company’s stock worth $23,067,000 after acquiring an additional 212,633 shares during the period. Invesco Ltd. raised its position in Liberty Media Corporation – Liberty Formula One Series C by 51.0% in the second quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock worth $52,701,000 after acquiring an additional 170,435 shares in the last quarter. Finally, TD Asset Management Inc raised its position in Liberty Media Corporation – Liberty Formula One Series C by 15.8% in the second quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock worth $115,348,000 after acquiring an additional 150,295 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on FWONK. Wells Fargo & Company raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. increased their target price 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 note on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.33.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider directly owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chase Carey sold 81,006 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34. Following the completion of the sale, the director directly owned 93,102 shares of the company’s stock, valued at approximately $9,579,264.78. This represents a 46.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 201,327 shares of company stock valued at $20,553,143 in the last 90 days. Corporate insiders own 4.31% of the company’s stock.

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

FWONK stock opened at $93.77 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The firm has a 50-day moving average of $98.05 and a two-hundred day moving average of $99.99. The firm has a market capitalization of $23.45 billion, a PE ratio of 120.22 and a beta of 0.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

About Liberty Media Corporation – Liberty Formula One Series C

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.