The Manufacturers Life Insurance Company Acquires 13,908 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

The Manufacturers Life Insurance Company boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,804 shares of the company’s stock after buying an additional 13,908 shares during the period. The Manufacturers Life Insurance Company’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $12,475,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock valued at $937,000 after acquiring an additional 120 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares during the period. QRG Capital Management Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 3.9% during the first quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock worth $269,000 after purchasing an additional 128 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $89.81 on Monday. The business’s 50-day moving average price is $86.54 and its two-hundred day moving average price is $82.49. The firm has a market cap of $22.50 billion, a PE ratio of 41.20 and a beta of 0.49. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $99.52.

Insider Activity

In other news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director owned 94,356 shares in the company, valued at $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were 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 owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th. 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 report on Tuesday, May 12th. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Finally, Citizens Jmp restated 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. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $110.00.

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.