Liberty Media Formula One Series C (FWONK) Trading 5% Higher

Liberty Media Formula One Series C (NASDAQ:FWONK) shares traded up 5% during mid-day trading on Monday . The company traded as high as $31.53 and last traded at $31.32. 1,182,316 shares were traded during mid-day trading, a decline of 11% from the average session volume of 1,325,951 shares. The stock had previously closed at $29.82.

A number of research analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Liberty Media Formula One Series C in a report on Tuesday, October 9th. They issued a “neutral” rating and a $39.00 target price for the company. Zacks Investment Research raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Liberty Media Formula One Series C currently has an average rating of “Hold” and a consensus target price of $37.50.

The firm has a market cap of $6.89 billion, a PE ratio of 25.88 and a beta of 1.41.

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in shares of Liberty Media Formula One Series C by 84.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,204 shares of the company’s stock worth $862,000 after purchasing an additional 10,644 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Liberty Media Formula One Series C during the 2nd quarter worth approximately $1,790,000. TD Asset Management Inc. increased its stake in shares of Liberty Media Formula One Series C by 42.2% during the 2nd quarter. TD Asset Management Inc. now owns 15,815 shares of the company’s stock worth $587,000 after purchasing an additional 4,695 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Liberty Media Formula One Series C during the 2nd quarter worth approximately $1,843,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Liberty Media Formula One Series C by 6.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 633,010 shares of the company’s stock worth $23,504,000 after purchasing an additional 38,830 shares in the last quarter. 79.45% of the stock is owned by institutional investors.

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Liberty Media Formula One Series C Company Profile (NASDAQ:FWONK)

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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