Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,725 shares of the company’s stock after selling 7,216 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $7,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake 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 in the last quarter. Norges Bank acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 4th quarter valued at approximately $90,433,000. Janus Henderson Group PLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock valued at $88,981,000 after purchasing an additional 20,683 shares in the last quarter. Sculptor Capital LP boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after buying an additional 12,786 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after buying an additional 7,113 shares during the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.0%

Shares of NASDAQ FWONA opened at $89.07 on Monday. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 40.86 and a beta of 0.50. The business has a 50 day simple moving average of $85.62 and a 200-day simple moving average of $82.23.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Citizens Jmp reissued a “market outperform” rating and set a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Buy” and an average price target of $110.00.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.