Optimal Asset Management Inc. lifted its stake in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 214.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,414 shares of the company’s stock after acquiring an additional 57,535 shares during the quarter. Optimal Asset Management Inc.’s holdings in Liberty Media Formula One Series C were worth $2,299,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FWONK. Pinebridge Investments L.P. purchased a new stake in Liberty Media Formula One Series C during the 4th quarter valued at $31,000. Schroder Investment Management Group purchased a new stake in Liberty Media Formula One Series C in the first quarter worth $33,000. Acadian Asset Management LLC purchased a new stake in Liberty Media Formula One Series C in the fourth quarter worth $34,000. Signaturefd LLC increased its stake in Liberty Media Formula One Series C by 38.3% in the first quarter. Signaturefd LLC now owns 1,498 shares of the company’s stock worth $41,000 after purchasing an additional 415 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Liberty Media Formula One Series C in the first quarter worth $73,000. Institutional investors own 82.66% of the company’s stock.

NASDAQ FWONK traded down $0.71 during trading on Friday, hitting $30.62. The company’s stock had a trading volume of 21,777 shares, compared to its average volume of 1,612,309. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $7.31 billion, a PE ratio of -13.80 and a beta of 1.30. The business’s 50 day simple moving average is $33.51 and its 200-day simple moving average is $36.83. Liberty Media Formula One Series C has a fifty-two week low of $18.31 and a fifty-two week high of $48.95.

Liberty Media Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.56). The firm had revenue of $39.00 million during the quarter, compared to analysts’ expectations of $25.00 million. Liberty Media Formula One Series C had a negative return on equity of 2.29% and a negative net margin of 27.88%. Analysts expect that Liberty Media Formula One Series C will post -1.56 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on FWONK shares. Pivotal Research increased their price target on Liberty Media Formula One Series C from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Zacks Investment Research raised Liberty Media Formula One Series C from a “sell” rating to a “hold” rating in a research report on Monday, June 15th. Morgan Stanley increased their price target on Liberty Media Formula One Series C from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. ValuEngine raised Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Finally, B. Riley dropped their price target on Liberty Media Formula One Series C from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.20.

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.

Further Reading: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for Liberty Media Formula One Series C (NASDAQ:FWONK)

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