Chicago Capital LLC Purchases Shares of 5,547 Liberty Media Corporation – Liberty Formula One Series C $FWONK

Chicago Capital LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,547 shares of the company’s stock, valued at approximately $580,000.

Other hedge funds have also made changes to their positions in the company. GW&K Investment Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $29,000. Western Pacific Wealth Management LP lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% in 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 during the period. Cigna Investments Inc. New bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $222,000. Finally, GAMMA Investing LLC lifted 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 worth $227,000 after purchasing an additional 213 shares during the period. Institutional investors own 92.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FWONK. UBS Group raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Guggenheim raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. 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 set a “neutral” rating and a $110.00 price target for the company. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Wells Fargo & Company cut their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

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

FWONK stock opened at $104.45 on Wednesday. The company has a market cap of $23.36 billion, a P/E ratio of 102.40 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $74.34 and a twelve month high of $106.26. The business has a fifty day moving average of $101.01 and a 200-day moving average of $96.32.

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

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 5,651 shares of company stock worth $572,250 over the last ninety days.

Liberty Media Corporation – Liberty Formula One Series C Profile

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.