Gabelli Funds LLC Has $11.60 Million Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Gabelli Funds LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 16.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 129,750 shares of the company’s stock after purchasing an additional 18,500 shares during the quarter. Gabelli Funds LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $11,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the last quarter. State of Wyoming acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth about $66,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after buying an additional 143 shares during the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $82.20 on Wednesday. The firm has a 50-day moving average of $80.12 and a 200-day moving average of $83.10. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The company has a market cap of $20.59 billion, a price-to-earnings ratio of 37.71 and a beta of 0.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FWONA shares. Citizens Jmp started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Citigroup increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $103.40.

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.