Lafayette Investments Inc. Acquires 770 Shares of Liberty Media Formula One Series C (FWONK)

Lafayette Investments Inc. raised its holdings in Liberty Media Formula One Series C (NASDAQ:FWONK) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,290 shares of the company’s stock after purchasing an additional 770 shares during the period. Lafayette Investments Inc.’s holdings in Liberty Media Formula One Series C were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FWONK. Quantbot Technologies LP purchased a new position in Liberty Media Formula One Series C during the third quarter valued at approximately $136,000. Bank of Montreal Can grew its stake in Liberty Media Formula One Series C by 133.2% during the third quarter. Bank of Montreal Can now owns 4,510 shares of the company’s stock valued at $168,000 after acquiring an additional 2,576 shares in the last quarter. Global Endowment Management LP purchased a new position in Liberty Media Formula One Series C during the third quarter valued at approximately $313,000. IFM Investors Pty Ltd grew its stake in Liberty Media Formula One Series C by 46.3% during the third quarter. IFM Investors Pty Ltd now owns 10,026 shares of the company’s stock valued at $373,000 after acquiring an additional 3,175 shares in the last quarter. Finally, Tdam USA Inc. purchased a new position in Liberty Media Formula One Series C during the fourth quarter valued at approximately $345,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, November 9th. ValuEngine raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.50.

Liberty Media Formula One Series C stock traded up $0.27 during mid-day trading on Tuesday, hitting $30.79. 4,662 shares of the company traded hands, compared to its average volume of 1,268,243. Liberty Media Formula One Series C has a one year low of $27.51 and a one year high of $39.35. The firm has a market cap of $7.19 billion, a PE ratio of 25.44 and a beta of 1.04.

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Liberty Media Formula One Series C Company Profile

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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Institutional Ownership by Quarter for Liberty Media Formula One Series C (NASDAQ:FWONK)

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