Brown Advisory Inc. Has $889,000 Stock Position in Liberty Media Formula One Series C (NASDAQ:FWONK) – TechNewsObserver


Brown Advisory Inc. lowered its holdings in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,769 shares of the company’s stock after selling 2,584 shares during the period. Brown Advisory Inc.’s holdings in Liberty Media Formula One Series C were worth $889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Icon Wealth Partners LLC acquired a new stake in Liberty Media Formula One Series C during the first quarter worth approximately $28,000. Twin Tree Management LP acquired a new stake in Liberty Media Formula One Series C during the first quarter worth approximately $79,000. Robeco Institutional Asset Management B.V. grew its stake in Liberty Media Formula One Series C by 17.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock valued at $196,000 after acquiring an additional 779 shares during the period. LPL Financial LLC acquired a new stake in Liberty Media Formula One Series C in the second quarter valued at approximately $201,000. Finally, Arden Trust Co acquired a new stake in Liberty Media Formula One Series C in the second quarter valued at approximately $222,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Shares of Liberty Media Formula One Series C stock opened at $42.54 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. Liberty Media Formula One Series C has a 52 week low of $27.51 and a 52 week high of $43.05. The stock has a 50 day moving average price of $40.61 and a two-hundred day moving average price of $37.72. The stock has a market capitalization of $9.66 billion, a PE ratio of -65.45 and a beta of 0.96.

FWONK has been the subject of a number of research reports. ValuEngine raised Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. TheStreet raised Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. raised Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $50.00 in a research note on Thursday, August 15th. Zacks Investment Research cut Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, B. Riley raised Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.00 to $46.00 in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.50.

Liberty Media Formula One Series C Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors’ championship and drivers compete for the drivers’ championship. The company is based in Englewood, Colorado.

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

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