Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock: CenterBook Partners LP Increases Stake

CenterBook Partners LP raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 69.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,936 shares of the company’s stock after buying an additional 31,501 shares during the quarter. CenterBook Partners LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $7,109,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allied Private Wealth LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $32,000. Anchor Investment Management LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $39,000. IFP Advisors Inc increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 148.5% in the 3rd quarter. IFP Advisors Inc now owns 420 shares of the company’s stock worth $39,000 after buying an additional 251 shares during the period. WPG Advisers LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 585.1% in the third quarter. WPG Advisers LLC now owns 459 shares of the company’s stock worth $42,000 after acquiring an additional 392 shares during the period. Finally, Signaturefd LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at about $43,000. 92.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FWONK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Jefferies Financial Group assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They set a “buy” rating and a $115.00 target price on the stock. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong sell” rating to a “sell” rating in a research note on Saturday. UBS Group boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Susquehanna reduced their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating for the company in a research report on Friday, October 16th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.62.

Liberty Media Corporation – Liberty Formula One Series C News Roundup

Here are the key news stories impacting Liberty Media Corporation – Liberty Formula One Series C this week:

• Positive Sentiment: Wells Fargo raised its price target to $113 from $96, indicating about 6.3% potential upside from the cited $106.33 price. The firm maintained an “equal weight” rating, so the higher target is a modestly supportive signal rather than a bullish upgrade. Wells Fargo ratings
• Neutral Sentiment: Liberty Media’s third-quarter revenue rose, and EPS increased to $0.43 from $0.24 a year earlier. The report also said John Malone’s voting power declined to 3%; the articles provided no further details on the implications. Liberty Media Q3 revenue and voting power
• Negative Sentiment: Quarterly EPS of $0.43 missed analyst estimates of $0.56–$0.59, and revenue of $1.23 billion was below the $1.24 billion consensus. The earnings and revenue shortfalls may weigh on investor sentiment despite year-over-year EPS growth. Q3 earnings and revenue results

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.2%

Shares of NASDAQ FWONK traded down $0.19 during midday trading on Friday, hitting $106.33. The stock had a trading volume of 3,445,435 shares, compared to its average volume of 2,341,325. The company has a market capitalization of $23.85 billion, a PE ratio of 122.22 and a beta of 0.46. The stock has a 50 day simple moving average of $94.54 and a 200-day simple moving average of $92.18. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $108.35.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. As a group, analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.