6,985 Shares in Liberty Media Formula One Series C (NASDAQ:FWONK) Acquired by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc acquired a new stake in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,985 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Odey Asset Management Group Ltd grew its holdings in shares of Liberty Media Formula One Series C by 0.3% in the 4th quarter. Odey Asset Management Group Ltd now owns 1,058,742 shares of the company’s stock worth $32,503,000 after acquiring an additional 3,260 shares during the period. Epoch Investment Partners Inc. acquired a new stake in shares of Liberty Media Formula One Series C in the 4th quarter worth approximately $4,401,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Liberty Media Formula One Series C by 9.9% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 34,400 shares of the company’s stock worth $924,000 after acquiring an additional 3,100 shares during the period. Citigroup Inc. grew its holdings in shares of Liberty Media Formula One Series C by 183.1% in the 4th quarter. Citigroup Inc. now owns 28,037 shares of the company’s stock worth $860,000 after acquiring an additional 18,132 shares during the period. Finally, SkyTop Capital Management LLC grew its holdings in shares of Liberty Media Formula One Series C by 29.9% in the 4th quarter. SkyTop Capital Management LLC now owns 30,000 shares of the company’s stock worth $921,000 after acquiring an additional 6,900 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Shares of FWONK stock traded down $0.48 during mid-day trading on Friday, hitting $36.78. 2,017 shares of the company’s stock were exchanged, compared to its average volume of 635,615. Liberty Media Formula One Series C has a fifty-two week low of $27.51 and a fifty-two week high of $39.60. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -57.02 and a beta of 1.04.

Liberty Media Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.13). The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $216.27 million. Liberty Media Formula One Series C had a negative return on equity of 1.25% and a negative net margin of 14.34%. As a group, analysts anticipate that Liberty Media Formula One Series C will post -0.85 earnings per share for the current fiscal year.

A number of brokerages have commented on FWONK. Zacks Investment Research upgraded 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, March 13th. TheStreet upgraded Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a report on Friday, May 17th. B. Riley upgraded Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $46.00 in a report on Thursday, May 16th. Finally, ValuEngine upgraded Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.33.

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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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