Liberty Media Formula One Series C (NASDAQ:FWONK) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,740,000 shares, a decline of 11.6% from the September 30th total of 6,490,000 shares. Based on an average trading volume of 696,800 shares, the short-interest ratio is currently 8.2 days. Currently, 2.9% of the company’s shares are short sold.

Institutional investors and hedge funds have recently made changes to their positions in the company. Smithfield Trust Co. purchased a new position in shares of Liberty Media Formula One Series C in the 3rd quarter valued at about $102,000. Balyasny Asset Management LLC grew its stake in Liberty Media Formula One Series C by 134.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 431,615 shares of the company’s stock valued at $16,147,000 after acquiring an additional 247,654 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Liberty Media Formula One Series C in the 2nd quarter valued at about $1,205,000. Nuveen Asset Management LLC acquired a new stake in Liberty Media Formula One Series C in the 2nd quarter valued at about $34,196,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in Liberty Media Formula One Series C by 93.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,460 shares of the company’s stock valued at $803,000 after acquiring an additional 10,340 shares during the last quarter. Institutional investors and hedge funds own 82.64% of the company’s stock.

FWONK has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research note on Thursday. 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. Finally, ValuEngine downgraded shares of Liberty Media Formula One Series C from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Liberty Media Formula One Series C has a consensus rating of “Buy” and an average price target of $48.00.

Shares of Liberty Media Formula One Series C stock traded up $0.60 during trading hours on Friday, hitting $43.57. The company had a trading volume of 614,400 shares, compared to its average volume of 836,527. The company’s 50-day moving average is $41.37 and its two-hundred day moving average is $39.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.50 and a quick ratio of 0.49. The company has a market cap of $9.93 billion, a P/E ratio of -67.03 and a beta of 0.95. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $44.07.

Liberty Media Formula One Series C Company 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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