Traders Sell Shares of Liberty Media Formula One Series C (FWONK) on Strength (FWONK)

Investors sold shares of Liberty Media Formula One Series C (NASDAQ:FWONK) on strength during trading hours on Wednesday. $5.34 million flowed into the stock on the tick-up and $46.88 million flowed out of the stock on the tick-down, for a money net flow of $41.54 million out of the stock. Of all equities tracked, Liberty Media Formula One Series C had the 12th highest net out-flow for the day. Liberty Media Formula One Series C traded up $0.78 for the day and closed at $33.94

Several equities research analysts have recently weighed in on the stock. ValuEngine cut shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Zacks Investment Research cut shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, November 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.50.

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The firm has a market capitalization of $7.43 billion, a P/E ratio of 28.05 and a beta of 1.04.

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its holdings in Liberty Media Formula One Series C by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 20,960 shares of the company’s stock worth $643,000 after purchasing an additional 406 shares during the period. Hsbc Holdings PLC grew its holdings in Liberty Media Formula One Series C by 2.2% in the fourth quarter. Hsbc Holdings PLC now owns 20,359 shares of the company’s stock worth $625,000 after purchasing an additional 429 shares during the period. Lafayette Investments Inc. grew its holdings in Liberty Media Formula One Series C by 9.0% in the fourth quarter. Lafayette Investments Inc. now owns 9,290 shares of the company’s stock worth $285,000 after purchasing an additional 770 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Liberty Media Formula One Series C by 4.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 17,354 shares of the company’s stock worth $533,000 after purchasing an additional 813 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in Liberty Media Formula One Series C by 0.3% in the third quarter. TIAA CREF Investment Management LLC now owns 495,208 shares of the company’s stock worth $18,417,000 after purchasing an additional 1,364 shares during the period. Institutional investors and hedge funds own 86.26% of the company’s stock.

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About Liberty Media Formula One Series C (NASDAQ:FWONK)

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.

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