Tredje AP fonden Sells 7,090 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Tredje AP fonden trimmed its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 21.8% during the fourth quarter, Holdings Channel reports. The fund owned 25,490 shares of the company’s stock after selling 7,090 shares during the quarter. Tredje AP fonden’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,511,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FWONK. Invesco Ltd. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 51.0% in the 2nd quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock valued at $52,701,000 after acquiring an additional 170,435 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at approximately $502,000. Daiwa Securities Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 20.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company’s stock valued at $3,902,000 after acquiring an additional 6,285 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at approximately $1,863,000. Finally, Squarepoint Ops LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at approximately $1,255,000. 92.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FWONK shares. UBS Group cut their price objective on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research note on Sunday. Wells Fargo & Company lifted 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 report on Friday, May 8th. JPMorgan Chase & Co. dropped their price target on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 0.5%

FWONK opened at $90.44 on Thursday. The stock has a market cap of $20.27 billion, a PE ratio of 41.49 and a beta of 0.44. 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 stock’s 50 day simple moving average is $87.52 and its 200-day simple moving average is $90.76.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. Equities analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 earnings per share for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series C

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.