Carmel Capital Partners LLC Buys 1,665 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Carmel Capital Partners LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 10.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,712 shares of the company’s stock after purchasing an additional 1,665 shares during the quarter. Carmel Capital Partners LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,851,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. US Bancorp DE boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.9% in the second quarter. US Bancorp DE now owns 5,866 shares of the company’s stock valued at $613,000 after acquiring an additional 110 shares during the period. Blair William & Co. IL boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.0% in the second quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock valued at $629,000 after acquiring an additional 118 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 during the period. Golden State Equity Partners boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.0% in the second quarter. Golden State Equity Partners now owns 3,998 shares of the company’s stock valued at $418,000 after acquiring an additional 226 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $29,000. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.4%

Shares of NASDAQ FWONK opened at $98.95 on Friday. The business has a fifty day simple moving average of $101.93 and a 200 day simple moving average of $97.66. The firm has a market capitalization of $22.13 billion, a price-to-earnings ratio of 97.01 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, 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 Transactions at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction 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 is available through this link. Insiders sold 5,651 shares of company stock worth $572,250 in the last three months. Corporate insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FWONK. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday. Guggenheim increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Zacks Research lowered 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, UBS Group upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Company 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.