IFM Investors Pty Ltd Grows Position in Liberty Media Formula One Series C (NASDAQ:FWONK) – Mitchell Messenger


IFM Investors Pty Ltd increased its stake in Liberty Media Formula One Series C (NASDAQ:FWONK) by 44.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,995 shares of the company’s stock after acquiring an additional 5,537 shares during the quarter. IFM Investors Pty Ltd’s holdings in Liberty Media Formula One Series C were worth $748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its position in shares of Liberty Media Formula One Series C by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the company’s stock valued at $636,000 after purchasing an additional 300 shares in the last quarter. Commerce Bank raised its stake in shares of Liberty Media Formula One Series C by 5.6% during the 2nd quarter. Commerce Bank now owns 7,495 shares of the company’s stock worth $280,000 after purchasing an additional 395 shares during the period. Vantage Investment Partners LLC boosted its holdings in shares of Liberty Media Formula One Series C by 0.4% in the 3rd quarter. Vantage Investment Partners LLC now owns 130,932 shares of the company’s stock worth $5,445,000 after buying an additional 532 shares during the last quarter. Shufro Rose & Co. LLC purchased a new position in shares of Liberty Media Formula One Series C in the 3rd quarter worth about $25,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Liberty Media Formula One Series C by 17.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock valued at $196,000 after buying an additional 779 shares during the period. 81.89% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:FWONK opened at $44.47 on Wednesday. The business’s 50-day moving average price is $42.62 and its two-hundred day moving average price is $40.24. The stock has a market cap of $10.28 billion, a P/E ratio of -68.42 and a beta of 0.96. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.66. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $45.72.

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

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.

Read More: Federal Reserve

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



Receive News & Ratings for Liberty Media Formula One Series C Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Liberty Media Formula One Series C and related companies with MarketBeat.com’s FREE daily email newsletter.


Leave a Reply

Your email address will not be published.