First Trust Advisors LP Buys 10,022 Shares of Liberty Media Formula One Series C (NASDAQ:FWONK) – Trent Times


First Trust Advisors LP raised its position in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,678 shares of the company’s stock after buying an additional 10,022 shares during the period. First Trust Advisors LP’s holdings in Liberty Media Formula One Series C were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FWONK. Millennium Management LLC bought a new stake in shares of Liberty Media Formula One Series C during the fourth quarter valued at approximately $1,398,000. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Media Formula One Series C by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 339,481 shares of the company’s stock valued at $10,421,000 after purchasing an additional 15,082 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Liberty Media Formula One Series C by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 2,102,344 shares of the company’s stock valued at $64,502,000 after purchasing an additional 128,149 shares during the last quarter. Strs Ohio grew its position in shares of Liberty Media Formula One Series C by 9.9% during the 1st quarter. Strs Ohio now owns 12,867 shares of the company’s stock worth $450,000 after buying an additional 1,156 shares during the period. Finally, Brinker Capital Inc. grew its position in shares of Liberty Media Formula One Series C by 36.6% during the 1st quarter. Brinker Capital Inc. now owns 16,363 shares of the company’s stock worth $574,000 after buying an additional 4,384 shares during the period. Institutional investors own 87.67% of the company’s stock.

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

FWONK stock opened at $42.97 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of -66.11 and a beta of 0.96. The company has a fifty day moving average price of $40.49 and a two-hundred day moving average price of $37.61. Liberty Media Formula One Series C has a one year low of $27.51 and a one year high of $43.05.

About Liberty Media Formula One Series C

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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