D. E. Shaw & Co. Inc. Increases Holdings in Liberty Media Formula One Series C (NASDAQ:FWONK)

D. E. Shaw & Co. Inc. grew its holdings in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 81.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,458 shares of the company’s stock after buying an additional 511,717 shares during the period. D. E. Shaw & Co. Inc. owned 0.49% of Liberty Media Formula One Series C worth $42,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FWONK. Vanguard Group Inc. increased its position in shares of Liberty Media Formula One Series C by 0.3% during the second quarter. Vanguard Group Inc. now owns 17,142,532 shares of the company’s stock worth $641,302,000 after purchasing an additional 55,655 shares in the last quarter. Caledonia Private Investments Pty Ltd increased its position in shares of Liberty Media Formula One Series C by 17.3% during the second quarter. Caledonia Private Investments Pty Ltd now owns 12,882,837 shares of the company’s stock worth $481,947,000 after purchasing an additional 1,902,777 shares in the last quarter. BlackRock Inc. increased its position in shares of Liberty Media Formula One Series C by 9.1% during the second quarter. BlackRock Inc. now owns 10,485,813 shares of the company’s stock worth $392,275,000 after purchasing an additional 878,522 shares in the last quarter. FMR LLC increased its position in shares of Liberty Media Formula One Series C by 0.4% during the first quarter. FMR LLC now owns 10,089,049 shares of the company’s stock worth $353,621,000 after purchasing an additional 44,357 shares in the last quarter. Finally, OZ Management LP increased its position in shares of Liberty Media Formula One Series C by 31.6% during the first quarter. OZ Management LP now owns 4,868,887 shares of the company’s stock worth $170,654,000 after purchasing an additional 1,170,434 shares in the last quarter. 82.21% of the stock is owned by institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research cut Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Finally, ValuEngine upgraded Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $43.50.

FWONK stock traded up $0.94 during trading on Friday, hitting $42.14. The company had a trading volume of 469,744 shares, compared to its average volume of 553,436. The firm has a market cap of $9.52 billion, a PE ratio of -64.83 and a beta of 0.96. Liberty Media Formula One Series C has a 1-year low of $27.51 and a 1-year high of $43.05. The firm has a 50-day moving average price of $41.02 and a 200-day moving average price of $38.11. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64.

Liberty Media Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.25). The company had revenue of $620.00 million during the quarter, compared to analyst estimates of $616.52 million. Liberty Media Formula One Series C had a negative net margin of 18.41% and a negative return on equity of 1.63%. Sell-side analysts anticipate that Liberty Media Formula One Series C will post -1.14 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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