Daiwa Securities Group Inc. Lowers Stock Holdings in Liberty Media Formula One Series C (NASDAQ:FWONK) – Slater Sentinel


Daiwa Securities Group Inc. lowered its stake in Liberty Media Formula One Series C (NASDAQ:FWONK) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,425 shares of the company’s stock after selling 541 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Liberty Media Formula One Series C were worth $1,348,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd raised its stake in Liberty Media Formula One Series C by 17.3% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 12,882,837 shares of the company’s stock valued at $481,947,000 after acquiring an additional 1,902,777 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Liberty Media Formula One Series C during the second quarter valued at about $34,196,000. BlackRock Inc. increased its position in shares of Liberty Media Formula One Series C by 9.1% during the second quarter. BlackRock Inc. now owns 10,485,813 shares of the company’s stock valued at $392,275,000 after buying an additional 878,522 shares during the period. Citadel Advisors LLC increased its position in shares of Liberty Media Formula One Series C by 83.8% during the second quarter. Citadel Advisors LLC now owns 1,718,758 shares of the company’s stock valued at $64,299,000 after buying an additional 783,423 shares during the period. Finally, UBS Group AG increased its position in shares of Liberty Media Formula One Series C by 151.4% during the second quarter. UBS Group AG now owns 1,114,497 shares of the company’s stock valued at $41,694,000 after buying an additional 671,195 shares during the period. Institutional investors own 81.89% of the company’s stock.

Several equities research analysts have recently weighed in on FWONK shares. ValuEngine cut Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.00.

FWONK traded down $0.18 during midday trading on Wednesday, hitting $44.29. The stock had a trading volume of 1,229,692 shares, compared to its average volume of 846,952. The company has a market cap of $10.24 billion, a P/E ratio of -68.14 and a beta of 0.96. Liberty Media Formula One Series C has a 1 year low of $27.51 and a 1 year high of $45.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.50 and a current ratio of 0.50. The business has a fifty day moving average of $42.62 and a 200 day moving average of $40.24.

Liberty Media Formula One Series C Company 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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