Troluce Capital Advisors LLC Has $54.41 Million Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Troluce Capital Advisors LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 326.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 640,000 shares of the company’s stock after purchasing an additional 490,000 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C accounts for approximately 3.3% of Troluce Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Troluce Capital Advisors LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $54,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ardmore Road Asset Management LP purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter valued at approximately $11,903,000. Delta Global Management LP bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at approximately $2,396,000. OMERS ADMINISTRATION Corp lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 30.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 9,346 shares of the company’s stock valued at $795,000 after acquiring an additional 2,186 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.4% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 951,369 shares of the company’s stock worth $80,885,000 after purchasing an additional 65,598 shares in the last quarter. Finally, Maplelane Capital LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 21.6% in the first quarter. Maplelane Capital LLC now owns 171,500 shares of the company’s stock worth $14,581,000 after purchasing an additional 30,500 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $97.05 on Monday. The stock has a 50 day moving average of $92.96 and a 200 day moving average of $89.56. The company has a market cap of $21.75 billion, a PE ratio of 44.52 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month 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 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. Equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FWONK has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on 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 report on Friday, May 8th. UBS Group decreased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Weiss Ratings upgraded 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. JPMorgan Chase & Co. raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Bank of America lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $110.20.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The SEC filing for this sale provides additional information.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.