D. E. Shaw & Co. Inc. Has $11.99 Million Stake in Liberty Media Formula One Series C (NASDAQ:FWONK)

D. E. Shaw & Co. Inc. lowered its holdings in shares of Liberty Media Formula One Series C (NASDAQ:FWONK) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,544 shares of the company’s stock after selling 60,520 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.17% of Liberty Media Formula One Series C worth $11,989,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Loeb Partners Corp bought a new stake in Liberty Media Formula One Series C during the 4th quarter valued at $55,000. Quantbot Technologies LP bought a new stake in shares of Liberty Media Formula One Series C in the 3rd quarter worth $136,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Liberty Media Formula One Series C in the 4th quarter worth $228,000. AlphaCrest Capital Management LLC bought a new stake in shares of Liberty Media Formula One Series C in the 4th quarter worth $282,000. Finally, Lafayette Investments Inc. raised its stake in shares of Liberty Media Formula One Series C by 9.0% in the 4th quarter. Lafayette Investments Inc. now owns 9,290 shares of the company’s stock worth $285,000 after buying an additional 770 shares in the last quarter. 87.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine raised Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $37.50.

NASDAQ:FWONK traded up $0.32 during trading hours on Monday, hitting $37.86. 1,118,800 shares of the stock were exchanged, compared to its average volume of 1,166,689. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $39.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -58.25 and a beta of 1.04.

Liberty Media Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, February 28th. The company reported ($0.80) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.38). The company had revenue of $481.00 million during the quarter, compared to analyst estimates of $494.89 million. Liberty Media Formula One Series C had a negative net margin of 8.21% and a negative return on equity of 0.69%. On average, equities analysts predict that Liberty Media Formula One Series C will post -0.56 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “D. E. Shaw & Co. Inc. Has $11.99 Million Stake in Liberty Media Formula One Series C (NASDAQ:FWONK)” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/d-e-shaw-co-inc-sells-60520-shares-of-liberty-media-formula-one-series-c-fwonk.html.

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.

See Also: What are the components of an earnings report?

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

Receive News & Ratings for Liberty Media Formula One Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Formula One Series C and related companies with MarketBeat.com's FREE daily email newsletter.