Liberty Media Formula One Series C (NASDAQ:FWONK) Stake Boosted by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. increased its position in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 38.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,922 shares of the company’s stock after acquiring an additional 1,081 shares during the period. Advisor Group Holdings Inc.’s holdings in Liberty Media Formula One Series C were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FWONK. Schroder Investment Management Group bought a new stake in Liberty Media Formula One Series C in the first quarter worth approximately $33,000. Beese Fulmer Investment Management Inc. acquired a new position in Liberty Media Formula One Series C during the second quarter worth $45,000. Transform Wealth LLC bought a new position in Liberty Media Formula One Series C during the second quarter valued at about $200,000. Teacher Retirement System of Texas acquired a new stake in shares of Liberty Media Formula One Series C in the second quarter worth about $211,000. Finally, Tower Research Capital LLC TRC acquired a new position in Liberty Media Formula One Series C during the first quarter valued at approximately $212,000. 82.05% of the stock is owned by hedge funds and other institutional investors.

Shares of FWONK traded down $0.42 on Friday, reaching $37.17. 194,742 shares of the stock traded hands, compared to its average volume of 1,549,808. The stock’s 50-day moving average price is $37.35 and its 200-day moving average price is $33.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of -13.72 and a beta of 1.33. Liberty Media Formula One Series C has a 12 month low of $18.31 and a 12 month high of $48.95.

Liberty Media Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.13). The business had revenue of $24.00 million during the quarter, compared to the consensus estimate of $27.50 million. Liberty Media Formula One Series C had a negative net margin of 51.60% and a negative return on equity of 2.86%. As a group, equities research analysts forecast that Liberty Media Formula One Series C will post -2.02 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on FWONK. Zacks Investment Research raised Liberty Media Formula One Series C from a “sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Morgan Stanley upped their price target on Liberty Media Formula One Series C from $32.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Berenberg Bank began coverage on shares of Liberty Media Formula One Series C in a research note on Wednesday, September 30th. They issued a “buy” rating on the stock. Pivotal Research reiterated a “buy” rating and set a $44.00 target price on shares of Liberty Media Formula One Series C in a research note on Monday, August 10th. Finally, B. Riley restated a “buy” rating and issued a $39.00 price target on shares of Liberty Media Formula One Series C in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $42.00.

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.

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

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