Ameriprise Financial Inc. Acquires 38,181 Shares of Liberty Media Co. – Series C Liberty Formula One (FWONK)

Ameriprise Financial Inc. increased its holdings in Liberty Media Co. – Series C Liberty Formula One (NASDAQ:FWONK) by 664.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,928 shares of the company’s stock after buying an additional 38,181 shares during the period. Ameriprise Financial Inc.’s holdings in Liberty Media Co. – Series C Liberty Formula One were worth $1,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in Liberty Media Co. – Series C Liberty Formula One by 16.6% in the third quarter. Advisors Asset Management Inc. now owns 12,310 shares of the company’s stock worth $469,000 after buying an additional 1,754 shares in the last quarter. Key Square Capital Management LLC bought a new position in Liberty Media Co. – Series C Liberty Formula One in the third quarter worth approximately $2,186,000. Comerica Bank raised its stake in Liberty Media Co. – Series C Liberty Formula One by 17.1% in the third quarter. Comerica Bank now owns 18,329 shares of the company’s stock worth $709,000 after buying an additional 2,682 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Liberty Media Co. – Series C Liberty Formula One by 56.1% in the third quarter. Bank of New York Mellon Corp now owns 1,079,825 shares of the company’s stock worth $41,131,000 after buying an additional 387,926 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new position in Liberty Media Co. – Series C Liberty Formula One in the third quarter worth approximately $161,000. 84.80% of the stock is owned by institutional investors.

Several equities analysts have issued reports on FWONK shares. lifted their price target on shares of Liberty Media Co. – Series C Liberty Formula One from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Liberty Media Co. – Series C Liberty Formula One from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Pivotal Research lifted their price target on shares of Liberty Media Co. – Series C Liberty Formula One from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley raised shares of Liberty Media Co. – Series C Liberty Formula One from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a report on Tuesday. Finally, Barclays lifted their price target on shares of Liberty Media Co. – Series C Liberty Formula One from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.57.

Shares of Liberty Media Co. – Series C Liberty Formula One (NASDAQ:FWONK) traded down $0.28 on Wednesday, hitting $37.69. 1,191,228 shares of the stock were exchanged, compared to its average volume of 1,555,901. The stock has a market capitalization of $8,538.38, a price-to-earnings ratio of -100.05 and a beta of 1.40. Liberty Media Co. – Series C Liberty Formula One has a 12-month low of $28.28 and a 12-month high of $41.14.

Liberty Media Co. – Series C Liberty Formula One (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.05. equities research analysts anticipate that Liberty Media Co. – Series C Liberty Formula One will post -1.04 earnings per share for the current fiscal year.

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About Liberty Media Co. – Series C Liberty Formula One

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

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

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