Cigna Investments Inc. New Makes New Investment in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Cigna Investments Inc. New bought a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,121 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $29,000. GW&K Investment Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at about $25,000. Western Pacific Wealth Management LP lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the 2nd quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after acquiring an additional 500 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1,378.8% in the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company’s stock worth $194,000 after acquiring an additional 2,013 shares during the period. Finally, GAMMA Investing LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 10.9% in the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock valued at $227,000 after acquiring an additional 213 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Rosenblatt Securities raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Susquehanna raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. Finally, UBS Group upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $103.96 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $74.34 and a 1-year high of $106.26. The firm has a fifty day moving average price of $100.93 and a two-hundred day moving average price of $95.83. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 101.92 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 5,651 shares of company stock valued at $572,250 in the last three months. Insiders own 4.31% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

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.