Madison Asset Management LLC Invests $131.57 Million in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Madison Asset Management LLC has acquired a new position in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA), purchasing shares valued at approximately $131.57 million in the second quarter. This investment makes FWONA the 14th largest holding in Madison Asset Management LLC's portfolio, representing 1.6% of their total investments. Other institutional investors have also adjusted their holdings in the company, which has seen recent analyst upgrades and insider selling.
Trust Co. of Vermont Buys Shares of 18,060 Liberty Media Corporation - Liberty Formula One Series A $FWONA
Trust Co. of Vermont acquired 18,060 shares of Liberty Media Corporation - Liberty Formula One Series A ($FWONA) valued at $1.72 million in the second quarter. Other institutional investors also increased their holdings, contributing to institutions owning 8.38% of the stock. Despite missing Q2 earnings expectations, analysts maintain a "Buy" rating with an average price target of $114.67, and the stock is trading above its key moving averages.
Liberty Media stock traces analyst upside on Formula One earnings miss
Liberty Media's Formula One Series C tracking shares are attracting analyst attention despite a recent earnings miss, with analysts highlighting significant upside potential. Despite reporting earnings per share of $0.02 against a forecast of $0.24, and a slight revenue miss, analysts maintain a "Moderate Buy" consensus and have raised price targets, anticipating stronger profitability in future quarters. The stock, trading at $103.11, is currently below the average analyst target of $118.00 and a new high target of $134.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Given Consensus Recommendation of "Buy" by Brokerages
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) has received a consensus "Buy" rating from seven brokerages, with an average 12-month price target of $114.67, significantly higher than its current price of $95.31. Despite this positive outlook and trading near its 12-month high with a market cap of $23.87 billion, the company recently missed quarterly earnings expectations. Insider selling by Director Chase Carey and Renee L. Wilm has been noted, while institutional investors have largely increased their positions.
S&CO Inc. Acquires Shares of 64,254 Liberty Media Corporation - Liberty Formula One Series A $FWONA
S&CO Inc. recently acquired 64,254 shares of Liberty Media Corporation - Liberty Formula One Series A (FWONA) worth approximately $5.62 million, increasing institutional ownership. Despite positive analyst ratings and a "Buy" consensus with an average price target of $114.67, FWONA missed quarterly earnings expectations and saw significant insider selling. The stock currently trades near its 52-week high, but recent financial performance and insider activity present a mixed picture for investors.
Liberty Media (FWONA): Wisconsin fund discloses 4.98% Formula One stake
The State of Wisconsin Investment Board has reported a 4.98% stake in Liberty Media Corp Series A Liberty Formula One Common Stock (FWONA), holding 1,195,287 shares. The fund maintains sole voting and dispositive power over these shares, indicating a passive investment just below the 5% ownership threshold. This disclosure was made via an amended Schedule 13G/A filing.
Is Liberty Media’s New Convertible Debt Quietly Rewriting Formula One Group’s (FWON.K) Capital Flexibility Story?
Liberty Media recently announced a US$600 million convertible senior notes offering, which will impact Formula One Group's capital structure and financial flexibility. This move is primarily a balance sheet and refinancing effort, not immediately altering the core investment drivers like audience monetization or cost inflation risks. Investors should consider how this new financing, especially in light of the MotoGP deal, affects Formula One Group's ability to manage rising costs and potential pressures on revenue streams.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) reported quarterly earnings of $0.02 per share, missing consensus estimates by $0.22, with revenue of $934 million also falling short of forecasts. Despite the earnings miss, FWONK shares rose 3.2% to $102.85. Analyst ratings remain generally positive with a "Moderate Buy" consensus and an average price target of $116.50, although insider selling was noted.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Posts Earnings Results, Misses Expectations By $0.22 EPS
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) announced earnings, reporting an EPS of $0.02, missing consensus estimates by $0.22, and revenue of $934 million, below analyst expectations. Despite missing estimates, FWONA shares rose 3.0% to $93.96, and analysts maintain a "Buy" rating with an average price target of $110. Insider activity showed significant stock sales by Director Chase Carey and insider Renee L. Wilm.
Assenagon Asset Management S.A. Buys 24,020 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Assenagon Asset Management S.A. increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 3.2% in the second quarter, now owning 771,974 shares valued at approximately $73.4 million. This comes as institutional investors collectively hold 92.26% of the stock. Despite Liberty Media missing second-quarter earnings and revenue expectations, analysts maintain a "Moderate Buy" rating with a consensus price target of $116.50.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Lowered to "Strong Sell" Rating by Wall Street Zen
Wall Street Zen downgraded Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) from a "hold" to a "strong sell" rating. This contrasts with the broader analyst consensus of "Moderate Buy" and an average price target of $116.50. The downgrade follows the company missing analyst expectations for both EPS and revenue in its latest quarterly earnings report.
Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Sold by Amundi
Amundi significantly reduced its holdings in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) by 68.1% in the first quarter, selling over 48,000 shares. This move by institutional investors, alongside insider sales from Director Chase Carey and Renee L. Wilm, comes despite analysts maintaining a "Buy" rating and a price target of $110. The company also reported missing quarterly earnings and revenue estimates.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Given New $110.00 Price Target at UBS Group
UBS Group raised its price target for Liberty Media Corporation - Liberty Formula One Series C (FWONK) from $104.00 to $110.00, while maintaining a "neutral" rating. This new target implies a potential upside of 6.95% from the previous closing price. The company recently reported earnings that missed expectations, with EPS of $0.02 against an expected $0.24, and revenue of $934 million compared to a $952.78 million consensus.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Given New $105.00 Price Target at Wells Fargo & Company
Wells Fargo & Company has increased its price target for Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) from $97.00 to $105.00, while maintaining an "equal weight" rating. This new target implies a potential upside of 2.70%. Despite the positive analyst sentiment and an average price target of $115.33 from other firms, the company recently missed its quarterly earnings expectations, reporting EPS of $0.02 against an expected $0.24 and revenue of $934 million versus $952.78 million forecast.
Liberty Media Corporation - Liberty Formula One Series C (FWONK) Q2 Earnings and Revenues Miss Estimates
Liberty Media Corporation - Liberty Formula One Series C (FWONK) reported Q2 earnings of $0.02 per share, significantly missing the Zacks Consensus Estimate of $0.16 per share and down from $1.52 a year ago. Revenues for the quarter were $934 million, also falling short of the consensus estimate of $955.7 million. The stock currently holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market.
Rep. April McClain Delaney Buys Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Stock
Representative April McClain Delaney (Democratic-Maryland) recently purchased shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ: FWONK) valued between $15,001 and $50,000 on both July 23rd and July 31st. FWONK opened at $96.43, boasting a market capitalization of $21.61 billion, and recently surpassed quarterly earnings and revenue expectations. Analysts currently maintain a "Moderate Buy" consensus with an average price target of $114.
Rep. April McClain Delaney Purchases Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Shares
Representative April McClain Delaney (D-Maryland) recently purchased between $15,001 and $50,000 worth of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) shares on July 31st, as disclosed in an August 3rd filing. Alongside this acquisition, she also bought shares in other companies while divesting from Corpay and STERIS. FWONK is currently trading at $96.43, with analysts maintaining a "Moderate Buy" rating and a consensus price target of $114.00, following better-than-expected quarterly results.
Edgestream Partners L.P. Sells 36,125 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Edgestream Partners L.P. significantly reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by selling 36,125 shares, a 72.9% decrease, yet still retaining 13,452 shares valued at $1.14 million. This move comes as institutional investors collectively own 92.26% of the stock, and despite recent positive earnings surprises from Liberty Media's Formula One Group, two insiders have also sold substantial portions of their holdings. Analysts currently rate FWONK as a "Moderate Buy" with an average price target of $114.
The Manufacturers Life Insurance Company Has $12.47 Million Stake in Liberty Media Corporation - Liberty Formula One Series A $FWONA
The Manufacturers Life Insurance Company increased its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 9.5% in the first quarter, now holding 159,804 shares valued at approximately $12.47 million. Institutional investors collectively own 8.38% of the stock, which has a consensus "Buy" rating and an average analyst price target of $110. Company insiders, including Director Chase Carey and Renee L. Wilm, have recently sold shares, reducing insider ownership to 0.63%.
Amundi Buys 201,643 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Amundi increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 36.1% in the first quarter, acquiring an additional 201,643 shares, bringing its total to 759,738 shares valued at $64.59 million. Other institutional investors like Royal Bank of Canada and The Manufacturers Life Insurance Company also increased their holdings. The article also details recent analyst ratings, insider trading activity, and the company's financial performance.
Liberty Media Corporation - Liberty Formula One Series C (FWONK) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Liberty Media Corporation - Liberty Formula One Series C (FWONK) is projected to surpass its Q2 2026 earnings estimates, despite an anticipated year-over-year decline in both earnings and revenue. The company's Zacks Earnings ESP of +101.15% combined with a Zacks Rank of #3 suggests a high probability of an earnings beat. Investors are advised to consider other factors beyond just earnings predictions before making investment decisions.
Liberty Media Corporation - Liberty Formula One Series C (FWONK) Projected to Release Quarterly Earnings on Thursday
Liberty Media Corporation - Liberty Formula One Series C (FWONK) is expected to release its quarterly earnings before the market opens on Thursday, August 6th. Analysts project earnings of $0.2632 per share and revenue of approximately $959.3 million. The stock currently holds a consensus "Moderate Buy" rating with an average price target of $114, and recent insider activity has shown executives selling significant portions of their holdings.
Liberty Media Corporation - Liberty Formula One Series A (FWONA) Projected to Post Earnings on Thursday
Liberty Media Corporation - Liberty Formula One Series A (FWONA) is expected to announce its earnings before the open on Thursday, August 6th, with projected EPS of $0.2608 and revenue of $960.5940 million. The stock currently has a "Buy" consensus rating and a target price of $110.00, following several analyst upgrades and maintained positive ratings. Recent insider sales by Director Chase Carey and Renee L. Wilm have been disclosed, while institutional investors have adjusted their holdings.
Hawk Ridge Capital Management LP Acquires 141,700 Shares of Liberty Media Corporation - Liberty Formula One Series A $FWONA
Hawk Ridge Capital Management LP significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 47.3% in the first quarter, adding 141,700 shares to reach a total of 441,500 shares valued at approximately $34.5 million. While institutional ownership of FWONA has increased, some insiders like director Chase Carey and Renee L. Wilm have sold substantial amounts of shares. Analysts maintain an overall "Buy" rating for FWONA, with an average price target of $110.00 and a high target of $120.00 from Citizens JMP.
Rokos Capital Management LLP Purchases New Holdings in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Rokos Capital Management LLP acquired a new position of 38,600 shares in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) during the first quarter, valuing their investment at approximately $3.0 million. Institutional investors collectively own 8.38% of the stock, which recently traded at $90.25 and has a market capitalization of $22.61 billion. Analysts have a consensus "Buy" rating with an average price target of $110, despite recent insider share sales by director Chase Carey and Renee L. Wilm.
Hawk Ridge Capital Management LP Has $157.26 Million Stock Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Hawk Ridge Capital Management LP significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series C ($FWONK) by 38.9% in the first quarter, now holding 1.85 million shares valued at approximately $157.3 million. Despite cautious analyst sentiment with a consensus "Hold" rating, the company recently reported stronger-than-expected quarterly revenue and EPS. Institutional investors collectively own 92.26% of the stock, while some insiders have sold shares.
Ruane Cunniff & Goldfarb L.P. Lowers Stake in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Ruane Cunniff & Goldfarb L.P. reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 2.4% in the first quarter, selling 133,950 shares. Despite this, FWONK remains its second-largest holding, valued at $455.5 million and representing 7.6% of its portfolio. The company reported strong Q1 earnings, beating analyst expectations with $0.03 EPS on $711 million revenue, though analyst ratings are mixed with a consensus "Hold" and an average price target of $110.20.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Receives Average Recommendation of "Hold" from Analysts
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) has received an average "Hold" recommendation from analysts, with four out of seven recommending a hold and three a buy. The average 12-month price target is $110.20, and the stock is currently trading near $98.33, above its 50-day and 200-day moving averages. The company recently surpassed earnings expectations with an EPS of $0.03 against an anticipated loss and revenue of $711 million.
Liberty Media Corporation - Liberty Formula One Series C $FWONK Stock Holdings Lowered by Sculptor Capital LP
Sculptor Capital LP significantly reduced its holdings in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 11.9% in the first quarter, selling over 561,000 shares but still maintaining a substantial position. Despite some insider selling and mixed analyst ratings, the company recently exceeded earnings and revenue expectations. Institutional investors collectively own a vast majority (92.26%) of the company's stock.
Gamco Investors INC. ET AL Sells 304,096 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Gamco Investors INC. ET AL significantly reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by selling 304,096 shares, an 82.5% cut. The firm now holds 64,565 shares valued at approximately $5.49 million, while institutional investors collectively own 92.26% of the stock. Liberty Media's Formula One tracking stock reported better-than-expected quarterly EPS of $0.03 and revenues of $711 million, exceeding estimates.
Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Acquired by Gabelli Funds LLC
Gabelli Funds LLC increased its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 13.8% in Q1 2026, now holding 147,700 shares valued at $11.5 million. Institutional investors and hedge funds own 8.38% of the stock. Analysts maintain a "Buy" consensus with an average price target of $110.00, while company insiders have recently sold shares.
Ardmore Road Asset Management LP Invests $1.56 Million in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Ardmore Road Asset Management LP has acquired a new stake worth approximately $1.56 million in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) during the first quarter. This comes as other institutional investors have also adjusted their holdings in FWONA, which is a tracking stock for Liberty Media's Formula One business. The article also details recent insider sales and analyst ratings for the company, which currently has a consensus "Buy" rating.
Liberty Media Corporation - Liberty Formula One Series C $FWONK Shares Purchased by Bradley Foster & Sargent Inc. CT
Bradley Foster & Sargent Inc. CT increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 7.4% in the first quarter, now holding 951,369 shares valued at approximately $80.9 million. Institutional investors collectively own 92.26% of the stock, while recent insider activity shows sales by director Chase Carey and insider Renee L. Wilm. Analysts currently have an average "Hold" rating for FWONK with a consensus price target of $110.20.
Delta Global Management LP Acquires New Shares in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Delta Global Management LP has acquired a new stake of 28,180 shares in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) during the first quarter, valued at approximately $2.396 million. Other institutional investors like Vanguard Group Inc. and Principal Financial Group Inc. also adjusted their holdings in the company. The stock generally holds a "Hold" rating from analysts with a consensus price target of $110.20, despite recent insider share sales.
Ashe Capital Management LP Decreases Stock Holdings in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Ashe Capital Management LP reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 14.5% during the first quarter, selling 275,000 shares. Despite this, FWONK remains Ashe Capital's third-largest position, comprising 17.2% of its investment portfolio. Other institutional investors like Maplelane Capital LLC and Renaissance Technologies LLC, however, increased their holdings in the company.
Sellaronda Global Management LP Buys New Holdings in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Sellaronda Global Management LP has significantly invested in Liberty Media Corporation - Liberty Formula One Series C ($FWONK), acquiring 400,000 shares valued at approximately $34 million, making it their largest holding. Other major investors like Berkshire Hathaway and Norges Bank have also increased their stakes, pushing institutional ownership to 92.26%. Despite analyst ratings holding at a "Hold" with a $110.20 price target and recent strong earnings, company insiders, including director Chase Carey and Renee L. Wilm, have been selling shares.
Liberty Media stock edges higher as Formula One growth supports earnings
Liberty Media's stock is performing well due to strong revenue and cash flow from its key holdings, Formula One and SiriusXM. Formula One's revenue has increased significantly, driven by more races, enhanced sponsorships, and growing broadcast partnerships. SiriusXM has maintained steady subscription revenue and profitability, contributing to Liberty Media's diversified financial profile as a media and sports holding company.
Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Bought by CI Investments Inc.
CI Investments Inc. significantly increased its stake in Liberty Media Formula One Series A (FWONA) by 44.4% in the first quarter, now holding 65,049 shares valued at $5.08 million. Other institutional investors have also boosted their positions in FWONA, with hedge funds and institutions collectively owning 8.38% of the company's stock. Analysts generally maintain a "Buy" rating for FWONA, projecting an average price target of $110, while the stock currently trades near its 12-month high.
Liberty Media Series A stock trades steady as Formula One growth supports recent earnings
Liberty Media Series A stock (LLYVA) shows steady performance, reflecting solid growth in its Formula One Group. The company reported increased revenue of $593 million in Q1 2024, up from $567 million in Q1 2023, with adjusted OIBDA also growing by 10% year-on-year. This growth is driven by rising revenue from race promotion fees, media rights, and sponsorships, as well as an expanding global fan base and media reach across over 180 countries.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives Average Recommendation of "Buy" from Analysts
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ: FWONA) has received a consensus "Buy" rating from analysts, with an average one-year price target of $110. Several firms recently updated their views, including Citizens JMP raising its price target to $120 and Zacks Research upgrading the stock to "strong-buy." Despite some insider selling from executives like Renee L. Wilm and Chase Carey, institutional investors such as Norges Bank and Principal Financial Group have increased their holdings.
63,160 Shares in Liberty Media Corporation - Liberty Formula One Series C $FWONK Acquired by SEB Asset Management AB
SEB Asset Management AB has acquired 63,160 shares of Liberty Media Corporation - Liberty Formula One Series C (FWONK) for approximately $5.37 million in the first quarter, representing a new position for the firm. Other institutional investors also increased their holdings, with hedge funds and institutions holding a significant 92.26% of FWONK shares. The stock shows strong fundamentals, having beaten recent earnings and revenue estimates, and holds a consensus "Hold" rating from Wall Street analysts with an average price target of $110.20.
Cantillon Capital Management LLC Reduces Stake in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Cantillon Capital Management LLC reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (FWONK) by 39.3% in the first quarter, selling over 671,000 shares. Despite this reduction, other institutional investors maintain significant holdings, with 92.26% of the stock owned by hedge funds and institutions. The stock holds a "Moderate Buy" consensus rating from analysts, with an average target price of $111.14.
Liberty Media stock holds steady as Formula One drives revenue growth
Liberty Media stock maintains stable trading as the company reports increased Formula One revenue and improved operating performance. The motorsport franchise is a key driver for Liberty Media, with growth seen in race promotion fees, media rights, and sponsorships. The article highlights Formula One's significant contribution to Liberty Media's overall financial results and its importance within the company's tracking stock structure.
Financiere des Professionnels Fonds d investissement inc. Makes New Investment in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Financiere des Professionnels Fonds d investissement inc. has initiated a new position in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK), purchasing 38,769 shares valued at approximately $3.3 million in the first quarter. Institutional ownership of FWONK remains high at 92.26%, and the company maintains a "Moderate Buy" rating from analysts with an average price target of $111.14. Liberty Media recently reported stronger-than-expected quarterly earnings and revenue.
FWONA stock trades steady as Liberty Media prepares Formula One midpoint update
FWONA stock, representing Liberty Media's Formula One business, is trading steadily as investors anticipate the next earnings update and the sport's global expansion. The article highlights that revenue growth is driven by race promotion fees, media rights, and an expanding global calendar, leading to improved operating profit margins. Formula One's large fan base supports strong advertising, sponsorship, and merchandise revenue, making the evolution of media rights and calendar events key factors for investors.
Principal Financial Group Inc. Boosts Holdings in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Principal Financial Group Inc. significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 14.4% in the first quarter, now owning over 1.5 million shares valued at $118.6 million. Other institutional investors also raised their holdings, bringing total institutional ownership to 8.38%. Analysts maintain a "Buy" consensus rating with an average price target of $110, despite recent insider share sales by Renee L. Wilm and Chase Carey.
Liberty Media stock reflects diversified sports and entertainment portfolio
Liberty Media stock offers investors exposure to a diversified portfolio of sports, entertainment, and media businesses through a complex US-listed tracking stock structure, notably including a controlling stake in Formula 1 and interests in live entertainment. This structure allows investors to separately value different segments like global motorsport and live events, each with distinct revenue drivers and risk profiles. The article details how Formula 1 monetizes intellectual property and live event rights, serving as a key example of Liberty Media's strategic direction.
Kornitzer Capital Management Inc. KS Takes $5.03 Million Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Kornitzer Capital Management Inc. KS has recently acquired a new position in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK), purchasing 59,170 shares valued at approximately $5.03 million. This comes amidst significant institutional interest, with major investors like Berkshire Hathaway, Naya Capital, and Norges Bank also establishing new stakes. Analysts currently give the stock a "Moderate Buy" rating with a consensus target price of $111.14, following strong quarterly earnings and revenue performance.
Lincoln Capital LLC Acquires 37,744 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Lincoln Capital LLC significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series C (FWONK) by 91.3% in the first quarter, now owning 79,095 shares valued at $6.72 million. Institutional investors collectively control 92.26% of the company's stock, and analysts maintain a "Moderate Buy" rating with a target price of $111.14. Despite insider sales from Renee L. Wilm and Chase Carey, the stock saw a slight increase in price.
Liberty Media explores strategic options as Formula 1 continues to grow
Liberty Media is exploring strategic options to unlock value across its tracking stocks, driven by the continued growth of Formula 1 and its other media assets. The company uses a complex tracking stock structure—including separate stocks for Formula 1, SiriusXM, and Liberty Live—to allow investors to value distinct operating groups more precisely. Formula 1's expanding global presence, particularly its renewed popularity in the US, is central to Liberty Media's growth story.
