Madison Asset Management LLC Acquires 177,513 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Madison Asset Management LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 19.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,070,299 shares of the company’s stock after buying an additional 177,513 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises 1.1% of Madison Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Madison Asset Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $90,997,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at approximately $34,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $38,000. Osterweis Capital Management Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 70.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock valued at $42,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FWONK shares. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Wells Fargo & Company increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. UBS Group decreased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lowered their price objective on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.14.

Insiders Place Their Bets

In related news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their position. The disclosure for this sale is available in the SEC filing.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 2.9%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $99.20 on Tuesday. The firm has a 50 day simple moving average of $92.46 and a 200 day simple moving average of $89.59. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 45.50 and a beta of 0.44.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $683.42 million. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.

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.