Mangrove Partners IM LLC Invests $1.01 Million in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Mangrove Partners IM LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,243 shares of the company’s stock, valued at approximately $1,005,000.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. Global Retirement Partners LLC increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after buying an additional 371 shares during the period. TD Private Client Wealth LLC increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after buying an additional 209 shares during the period. Finally, State of Wyoming bought a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $66,000. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.6%

FWONA opened at $82.73 on Wednesday. The company’s 50 day moving average is $82.11 and its 200-day moving average is $82.06. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $99.52. The company has a market cap of $20.72 billion, a P/E ratio of 37.95 and a beta of 0.52.

Analyst Upgrades and Downgrades

Several research firms have commented on FWONA. Zacks Research raised shares of 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. Citigroup raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 11th. Citizens Jmp began coverage on shares of 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. Finally, 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. Two 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. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has a consensus rating of “Buy” and a consensus price target of $103.33.

Insider Buying and Selling

In other news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total value 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 approximately $1,404,503.10. The trade was a 42.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.63% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A 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.