Robeco Institutional Asset Management B.V. Cuts Holdings in Liberty Media Formula One Series C (FWONK)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 99.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,484 shares of the company’s stock after selling 945,516 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Liberty Media Formula One Series C were worth $158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc grew its position in shares of Liberty Media Formula One Series C by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 16,330,812 shares of the company’s stock worth $607,342,000 after buying an additional 251,264 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Liberty Media Formula One Series C by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 20,960 shares of the company’s stock worth $643,000 after buying an additional 406 shares during the last quarter. Bank of Montreal Can grew its position in shares of Liberty Media Formula One Series C by 2,282.7% in the 4th quarter. Bank of Montreal Can now owns 107,461 shares of the company’s stock worth $3,299,000 after buying an additional 102,951 shares during the last quarter. Strs Ohio grew its position in shares of Liberty Media Formula One Series C by 376.1% in the 4th quarter. Strs Ohio now owns 11,711 shares of the company’s stock worth $359,000 after buying an additional 9,251 shares during the last quarter. Finally, Greenwood Gearhart Inc. grew its position in shares of Liberty Media Formula One Series C by 9.4% in the 4th quarter. Greenwood Gearhart Inc. now owns 122,634 shares of the company’s stock worth $3,765,000 after buying an additional 10,564 shares during the last quarter. 84.12% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on FWONK. TheStreet raised shares of Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research report on Friday, May 17th. B. Riley raised shares of Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $46.00 in a research report on Thursday, May 16th. Zacks Investment Research downgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, ValuEngine raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.50.

NASDAQ:FWONK opened at $38.33 on Wednesday. The company has a market cap of $8.78 billion, a price-to-earnings ratio of -58.97 and a beta of 1.07. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $39.60. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60.

Liberty Media Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 9th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.13). The company had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $216.27 million. Liberty Media Formula One Series C had a negative return on equity of 1.25% and a negative net margin of 14.34%. On average, equities research analysts expect that Liberty Media Formula One Series C will post -0.78 earnings per share for the current year.

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Liberty Media Formula One Series C Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Institutional Ownership by Quarter for Liberty Media Formula One Series C (NASDAQ:FWONK)

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