Liberty Media Formula One Series C (NASDAQ:FWONK) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Liberty Media Formula One Series C (NASDAQ:FWONK) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 971,044 shares of the company’s stock after buying an additional 64,535 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.42% of Liberty Media Formula One Series C worth $36,327,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FWONK. OZ Management LP lifted its holdings in Liberty Media Formula One Series C by 31.6% in the first quarter. OZ Management LP now owns 4,868,887 shares of the company’s stock valued at $170,654,000 after acquiring an additional 1,170,434 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in Liberty Media Formula One Series C in the first quarter valued at about $18,720,000. Kontiki Capital Management HK Ltd. lifted its position in Liberty Media Formula One Series C by 68.8% in the first quarter. Kontiki Capital Management HK Ltd. now owns 898,729 shares of the company’s stock valued at $31,500,000 after buying an additional 366,199 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Liberty Media Formula One Series C by 812.8% during the first quarter. JPMorgan Chase & Co. now owns 166,068 shares of the company’s stock worth $5,820,000 after buying an additional 147,874 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Liberty Media Formula One Series C by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 2,102,344 shares of the company’s stock worth $64,502,000 after buying an additional 128,149 shares during the period. Institutional investors own 87.67% of the company’s stock.

Shares of FWONK stock opened at $41.77 on Wednesday. Liberty Media Formula One Series C has a fifty-two week low of $27.51 and a fifty-two week high of $43.05. The company has a 50 day moving average price of $40.55 and a 200 day moving average price of $37.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49.

Several research firms recently weighed in on FWONK. Zacks Investment Research downgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. B. Riley raised Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and boosted their target price for the company from $35.00 to $46.00 in a research report on Thursday, May 16th. TheStreet upgraded Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Finally, ValuEngine raised Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $43.50.

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.

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

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