Menlo Advisors LLC Reduces Position in Liberty Media Formula One Series C (FWONK) – Fairfield Current


Menlo Advisors LLC lowered its holdings in Liberty Media Formula One Series C (NASDAQ:FWONK) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,087 shares of the company’s stock after selling 3,266 shares during the period. Liberty Media Formula One Series C makes up 3.2% of Menlo Advisors LLC’s holdings, making the stock its 16th biggest holding. Menlo Advisors LLC owned approximately 0.06% of Liberty Media Formula One Series C worth $4,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of Liberty Media Formula One Series C during the 3rd quarter worth approximately $136,000. Bank of Montreal Can lifted its position in shares of Liberty Media Formula One Series C by 133.2% during the 3rd quarter. Bank of Montreal Can now owns 4,510 shares of the company’s stock worth $168,000 after buying an additional 2,576 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Liberty Media Formula One Series C during the 3rd quarter worth approximately $178,000. Tower Research Capital LLC TRC lifted its position in shares of Liberty Media Formula One Series C by 1,038.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,485 shares of the company’s stock worth $204,000 after buying an additional 5,003 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Liberty Media Formula One Series C in the 2nd quarter valued at $205,000. Institutional investors own 86.52% of the company’s stock.

Several equities analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Liberty Media Formula One Series C in a research note on Tuesday, October 9th. They issued a “neutral” rating and a $39.00 price objective on the stock. ValuEngine upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Finally, Zacks Investment Research upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, October 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $37.50.

FWONK traded up $0.29 during trading on Wednesday, reaching $32.34. The company had a trading volume of 26,193 shares, compared to its average volume of 1,006,020. The stock has a market capitalization of $7.31 billion, a P/E ratio of 26.71 and a beta of 1.12. Liberty Media Formula One Series C has a 12-month low of $27.51 and a 12-month high of $39.35.

Liberty Media Formula One Series C (NASDAQ:FWONK) last issued 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 company had revenue of $647.00 million during the quarter, compared to analysts’ expectations of $635.69 million. Equities analysts anticipate that Liberty Media Formula One Series C will post -0.26 EPS for the current year.

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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.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

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

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