S&CO Inc. Purchases Shares of 64,254 Liberty Media Corporation – Liberty Formula One Series A $FWONA

S&CO Inc. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) during the second quarter, Holdings Channel reports. The fund purchased 64,254 shares of the company’s stock, valued at approximately $5,624,000.

Several other large investors have also recently made changes to their positions in FWONA. Handelsbanken Fonder AB purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $595,000. GAMMA Investing LLC raised its position in Liberty Media Corporation – Liberty Formula One Series A by 25.2% in the second quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock valued at $118,000 after purchasing an additional 272 shares during the period. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.1% during 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 in the last quarter. Rokos Capital Management LLP acquired a new position in Liberty Media Corporation – Liberty Formula One Series A during the first quarter worth $3,015,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock worth $12,475,000 after buying an additional 13,908 shares during the period. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.6%

Liberty Media Corporation – Liberty Formula One Series A stock opened at $95.31 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $99.52. The firm has a market cap of $23.87 billion, a PE ratio of 140.16 and a beta of 0.49. The company’s 50 day moving average is $88.54 and its two-hundred day moving average is $83.21.

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 business had revenue of $934.00 million for the quarter, compared to analyst estimates of $954.37 million.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, 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 transaction of $1,044,773.73. Following the sale, the insider owned 15,590 shares in the company, valued at $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FWONA shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Guggenheim restated a “buy” rating and set a $124.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. 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, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $114.67.

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.