Liberty Media Corporation – Liberty Formula One Series C $FWONK Position Trimmed by Fosse Capital Partners LLP

Fosse Capital Partners LLP decreased its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 924,858 shares of the company’s stock after selling 50,925 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises 58.6% of Fosse Capital Partners LLP’s portfolio, making the stock its largest holding. Fosse Capital Partners LLP owned about 0.41% of Liberty Media Corporation – Liberty Formula One Series C worth $96,601,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Magnetar Financial LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 16.5% during the third quarter. Magnetar Financial LLC now owns 3,841 shares of the company’s stock worth $401,000 after purchasing an additional 543 shares during the period. Quadrant Capital Group LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at approximately $126,000. Legal & General Group Plc lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 3.2% in the 3rd quarter. Legal & General Group Plc now owns 843,128 shares of the company’s stock worth $88,065,000 after buying an additional 26,067 shares in the last quarter. Schroder Investment Management Group lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 2.1% in the 3rd quarter. Schroder Investment Management Group now owns 8,843,048 shares of the company’s stock worth $923,656,000 after buying an additional 186,077 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.5% during the 3rd quarter. Private Advisor Group LLC now owns 2,620 shares of the company’s stock valued at $274,000 after buying an additional 248 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on FWONK shares. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $110.00 to $111.00 in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Wells Fargo & Company raised Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.56.

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

In other news, Director Chase Carey sold 83,536 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK opened at $86.01 on Wednesday. The firm has a market cap of $19.27 billion, a PE ratio of 39.10, a PEG ratio of 12.13 and a beta of 0.44. The firm’s 50 day moving average price is $88.87 and its 200 day moving average price is $95.53. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36.

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.