Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP decreased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 54.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 24,796 shares of the company’s stock after selling 29,170 shares during the quarter. Greenland Capital Management LP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 144.9% during the second quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock worth $80,000 after acquiring an additional 455 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 10.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 87,122 shares of the company’s stock worth $9,104,000 after purchasing an additional 8,047 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 410,337 shares of the company’s stock worth $42,880,000 after purchasing an additional 1,057 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 32,146 shares of the company’s stock worth $3,359,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.4% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 127,497 shares of the company’s stock worth $13,323,000 after purchasing an additional 12,000 shares during the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.7%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $87.81 on Tuesday. The firm has a market cap of $21.96 billion, a PE ratio of 112.58 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The business’s fifty day simple moving average is $91.04 and its 200-day simple moving average is $96.49.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FWONK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.