Sterling Capital Management LLC Sells 6,573 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Sterling Capital Management LLC cut its position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 90.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 674 shares of the company’s stock after selling 6,573 shares during the period. Sterling Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $57,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock valued at $118,593,000 after purchasing an additional 191,619 shares during the last quarter. Madison Asset Management LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $131,567,000. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock worth $78,560,000 after purchasing an additional 10,603 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $56,066,000. Finally, Hawk Ridge Capital Management LP boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 47.3% during the first quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock valued at $34,472,000 after buying an additional 141,700 shares during the period. 8.38% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 3.5%

Shares of FWONA opened at $90.91 on Thursday. The firm has a fifty day moving average price of $86.67 and a 200-day moving average price of $84.47. The firm has a market capitalization of $22.77 billion, a P/E ratio of 133.68 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $98.79.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FWONA shares. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Finally, Guggenheim raised their price target on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $114.67.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.