Sands Capital Management LLC Cuts Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Sands Capital Management LLC lowered its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,911,033 shares of the company’s stock after selling 8,196 shares during the quarter. Sands Capital Management LLC owned 0.85% of Liberty Media Corporation – Liberty Formula One Series C worth $199,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $4,963,000. M.D. Sass LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 6.2% in the second quarter. M.D. Sass LLC now owns 534,126 shares of the company’s stock worth $55,816,000 after purchasing an additional 31,352 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.7% during the second quarter. Edgestream Partners L.P. now owns 81,113 shares of the company’s stock valued at $8,476,000 after buying an additional 17,101 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.9% in the second quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock worth $904,653,000 after buying an additional 402,705 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 24.7% in the 2nd quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock valued at $89,000 after acquiring an additional 169 shares during the last quarter. 92.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the sale, the director directly owned 1,781 shares in the company, valued at $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chase Carey sold 109,121 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the sale, the director directly owned 93,102 shares in the company, valued at approximately $9,546,679.08. The trade was a 53.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 202,225 shares of company stock worth $20,643,122.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FWONK shares. Wells Fargo & Company lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.5%

Shares of NASDAQ FWONK opened at $93.37 on Wednesday. The firm has a fifty day simple moving average of $99.91 and a two-hundred day simple moving average of $100.29. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36. The firm has a market capitalization of $23.35 billion, a PE ratio of 119.71 and a beta of 0.48.

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

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.