Schroder Investment Management Group Reduces $138M in Formula One Group ($FWONK)
Key Points
- Schroder Investment Management Group changed its Formula One Group ($FWONK) stake by 30.09% last quarter, cutting to 3,433,167 shares worth $320.93 million.
- $FWONK last traded around $93.48.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Schroder Investment Management Group reduced its position in Formula One Group ($FWONK) by 30.09% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,433,167 shares of Formula One Group after selling 1,477,782 shares during the quarter. Schroder Investment Management Group's holdings in Formula One Group were worth $320.93 million as of its most recent filing.
Formula One Group Stock Down 8.2%
Shares of Formula One Group ($FWONK) traded around $93.48 on Saturday, down 8.2% for the day.
Formula One Group Earnings
Analysts Set New Price Targets
About Formula One Group
Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally. The company holds commercial rights for the Fédération Internationale de l'Automobile (FIA) Formula One World Championship, an annual nine-month long motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship. It is also involved in filming, television production and post-production, and digital and social media activities; provision of freight, logistical, and travel related services, as well as technical support at Formula 1 events; production of the international television feed; and operation of the Formula 1 Paddock Club hospitality program, F2 and F3 race series, and F1 Academy. The company was founded in 1950 and is headquartered in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.
Get Formula One Group alerts
New 13F filings, insider trades, and analyst moves on $FWONK, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.