First Republic Investment Management Inc. Cuts Holdings in Liberty Media Formula One Series C (NASDAQ:FWONK)


First Republic Investment Management Inc. trimmed its position in Liberty Media Formula One Series C (NASDAQ:FWONK) by 38.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,392 shares of the company’s stock after selling 5,193 shares during the period. First Republic Investment Management Inc.’s holdings in Liberty Media Formula One Series C were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FMR LLC raised its holdings 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 during the last quarter. BlackRock Inc. boosted its position in Liberty Media Formula One Series C by 1.0% during the first quarter. BlackRock Inc. now owns 9,607,291 shares of the company’s stock worth $336,735,000 after acquiring an additional 91,744 shares during the last quarter. OZ Management LP boosted its position in 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 acquiring an additional 1,170,434 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Liberty Media Formula One Series C by 0.6% during the second quarter. Diamond Hill Capital Management Inc. now owns 2,431,590 shares of the company’s stock worth $90,966,000 after acquiring an additional 14,591 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Liberty Media Formula One Series C by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 2,102,344 shares of the company’s stock worth $64,502,000 after acquiring an additional 128,149 shares during the last quarter. Institutional investors own 82.17% of the company’s stock.

Several equities analysts have weighed in on FWONK shares. Zacks Investment Research lowered shares of Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $50.00 in a research note on Thursday, August 15th. TheStreet raised shares of Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research report on Friday, May 17th. ValuEngine raised shares of Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, B. Riley upgraded shares of Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a report on Thursday, May 16th. One 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’s stock. The company presently has an average rating of “Buy” and an average price target of $43.50.

NASDAQ:FWONK opened at $42.79 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50-day moving average price of $40.23 and a two-hundred day moving average price of $37.44. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $42.97.

Liberty Media Formula One Series C 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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