CIBC Private Wealth Group LLC Grows Stock Holdings in Liberty Media Formula One Series C (NASDAQ:FWONK)

CIBC Private Wealth Group LLC boosted its stake in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,604 shares of the company’s stock after acquiring an additional 4,457 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Liberty Media Formula One Series C were worth $1,528,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Icon Wealth Partners LLC bought a new position in shares of Liberty Media Formula One Series C during the 1st quarter worth approximately $28,000. Loeb Partners Corp bought a new position in shares of Liberty Media Formula One Series C during the 4th quarter worth approximately $55,000. Twin Tree Management LP bought a new stake in Liberty Media Formula One Series C in the 1st quarter valued at $79,000. Osborn Williams & Donohoe LLC bought a new stake in Liberty Media Formula One Series C in the 1st quarter valued at $93,000. Finally, Carnick & Kubik Group LLC bought a new stake in Liberty Media Formula One Series C in the 1st quarter valued at $214,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

FWONK stock traded up $1.19 during midday trading on Friday, reaching $37.41. 1,561,200 shares of the stock were exchanged, compared to its average volume of 981,419. The company has a market cap of $8.31 billion, a PE ratio of -57.55 and a beta of 1.04. Liberty Media Formula One Series C has a 52 week low of $27.51 and a 52 week high of $39.60. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $37.61.

Liberty Media Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.13). Liberty Media Formula One Series C had a negative return on equity of 1.25% and a negative net margin of 14.34%. The firm had revenue of $246.00 million for the quarter, compared to the consensus estimate of $216.27 million. As a group, sell-side analysts expect that Liberty Media Formula One Series C will post -0.93 EPS for the current year.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Wednesday, March 13th. TheStreet raised Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a report on Friday, May 17th. B. Riley raised Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $46.00 in a report on Thursday, May 16th. Finally, ValuEngine raised Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.33.

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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