Deltroit Asset Management UK LLP Makes New Investment in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Deltroit Asset Management UK LLP acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 51,571 shares of the company’s stock, valued at approximately $4,609,000. Liberty Media Corporation – Liberty Formula One Series A accounts for 0.7% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its 24th biggest position.

Several other institutional investors also recently bought and sold shares of FWONA. M&T Bank Corp raised its position in Liberty Media Corporation – Liberty Formula One Series A by 848.4% in the fourth quarter. M&T Bank Corp now owns 32,880 shares of the company’s stock worth $2,939,000 after acquiring an additional 29,413 shares in the last quarter. Principal Financial Group Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 34.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock worth $118,630,000 after acquiring an additional 337,607 shares in the last quarter. Credit Industriel ET Commercial raised its position in Liberty Media Corporation – Liberty Formula One Series A by 35.4% in the third quarter. Credit Industriel ET Commercial now owns 46,411 shares of the company’s stock worth $4,419,000 after acquiring an additional 12,122 shares in the last quarter. UBS Group AG raised its position in Liberty Media Corporation – Liberty Formula One Series A by 11.4% in the fourth quarter. UBS Group AG now owns 130,375 shares of the company’s stock worth $11,653,000 after acquiring an additional 13,302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 10,150.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,080 shares of the company’s stock worth $3,225,000 after acquiring an additional 35,728 shares in the last quarter. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $80.94 on Friday. The firm has a market capitalization of $20.27 billion, a price-to-earnings ratio of 37.13 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52. The stock’s fifty day moving average is $81.53 and its two-hundred day moving average is $82.31.

Insiders Place Their Bets

In other news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

FWONA has been the subject of several research analyst reports. Citigroup increased their price objective on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Citizens Jmp assumed coverage on Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Finally, Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $103.00.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.