Quantbot Technologies LP Invests $136,000 in Liberty Media Formula One Series C (FWONK) Stock – Fairfield Current


Quantbot Technologies LP bought a new position in Liberty Media Formula One Series C (NASDAQ:FWONK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,664 shares of the company’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new position in shares of Liberty Media Formula One Series C during the second quarter valued at $160,000. Bank of Montreal Can boosted 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 buying an additional 2,576 shares in the last quarter. Cerebellum GP LLC bought a new position in Liberty Media Formula One Series C during the third quarter valued at about $178,000. Tower Research Capital LLC TRC boosted its stake in Liberty Media Formula One Series C by 1,038.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,485 shares of the company’s stock valued at $204,000 after buying an additional 5,003 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in Liberty Media Formula One Series C during the second quarter valued at about $205,000. 86.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FWONK traded up $0.80 during midday trading on Friday, reaching $31.64. 773,170 shares of the stock were exchanged, compared to its average volume of 895,890. Liberty Media Formula One Series C has a 12-month low of $27.51 and a 12-month high of $39.35. The company has a market capitalization of $7.09 billion, a PE ratio of 26.15 and a beta of 1.12.

Liberty Media Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. The firm had revenue of $647.00 million for the quarter, compared to analysts’ expectations of $635.69 million. Equities analysts forecast that Liberty Media Formula One Series C will post -0.26 earnings per share for the current year.

A number of research firms recently weighed in on FWONK. Zacks Investment Research upgraded Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, October 10th. ValuEngine upgraded Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Finally, Goldman Sachs Group started coverage on Liberty Media Formula One Series C in a research report on Tuesday, October 9th. They set a “neutral” rating and a $39.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $37.50.

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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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