Mint Tower Capital Management B.V. Boosts Stock Position in Liberty Media Formula One Series C (NASDAQ:FWONK)

Mint Tower Capital Management B.V. lifted its stake in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 40.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,288 shares of the company’s stock after purchasing an additional 2,094 shares during the quarter. Mint Tower Capital Management B.V.’s holdings in Liberty Media Formula One Series C were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Icon Wealth Partners LLC acquired a new stake in Liberty Media Formula One Series C during the 1st quarter worth approximately $28,000. Twin Tree Management LP acquired a new stake in Liberty Media Formula One Series C during the 1st quarter worth approximately $79,000. Osborn Williams & Donohoe LLC acquired a new stake in Liberty Media Formula One Series C during the 1st quarter worth approximately $93,000. Carnick & Kubik Group LLC acquired a new stake in Liberty Media Formula One Series C during the 1st quarter worth approximately $214,000. Finally, Marshall Wace North America L.P. acquired a new stake in Liberty Media Formula One Series C during the 1st quarter worth approximately $234,000. 91.59% of the stock is currently owned by institutional investors.

FWONK has been the topic of a number of research reports. TheStreet downgraded shares of Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, B. Riley set a $7.00 price target on shares of Unique Fabricating and gave the company a “buy” rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Liberty Media Formula One Series C currently has a consensus rating of “Buy” and an average target price of $41.33.

FWONK stock traded up $0.04 during midday trading on Friday, reaching $38.37. 543,878 shares of the company’s stock traded hands, compared to its average volume of 738,522. 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 debt-to-equity ratio of 0.60, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $8.86 billion, a P/E ratio of -59.03 and a beta of 0.97. The firm has a fifty day simple moving average of $37.44.

Liberty Media Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.13). The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $216.27 million. Liberty Media Formula One Series C had a negative return on equity of 1.25% and a negative net margin of 14.34%. On average, equities research analysts anticipate that Liberty Media Formula One Series C will post -0.93 earnings per share for the current year.

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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