Alamut Investment Management LLP Increases Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Alamut Investment Management LLP boosted its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,311 shares of the company’s stock after acquiring an additional 6,908 shares during the period. Liberty Media Corporation – Liberty Formula One Series C accounts for 23.5% of Alamut Investment Management LLP’s investment portfolio, making the stock its 3rd biggest position. Alamut Investment Management LLP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $19,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Align Financial LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter worth about $59,000. Hawk Ridge Capital Management LP lifted its position 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 worth $131,152,000 after purchasing an additional 725,860 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 19.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 245,381 shares of the company’s stock valued at $24,172,000 after acquiring an additional 39,216 shares during the period. J. Goldman & Co LP purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at about $4,676,000. Finally, AQR Capital Management LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 23.6% during the 4th quarter. AQR Capital Management LLC now owns 27,129 shares of the company’s stock valued at $2,672,000 after acquiring an additional 5,179 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FWONK shares. Wells Fargo & Company lifted their price target 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 report on Friday, May 8th. JPMorgan Chase & Co. lowered 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 for the company in a research report on Friday, May 29th. UBS Group lowered their price target 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 research report on Wednesday, April 15th. Wall Street Zen raised shares of 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, 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 report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.75.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

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

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

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.