Kontiki Capital Management HK Ltd. lessened its holdings in Liberty Media Formula One Series A (NASDAQ:FWONA) by 30.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 550,587 shares of the company’s stock after selling 239,977 shares during the quarter. Liberty Media Formula One Series A comprises 6.3% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its 5th largest position. Kontiki Capital Management HK Ltd. owned approximately 0.24% of Liberty Media Formula One Series A worth $19,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FWONA. Raymond James & Associates grew its holdings in Liberty Media Formula One Series A by 17.2% in the first quarter. Raymond James & Associates now owns 122,726 shares of the company’s stock worth $4,178,000 after purchasing an additional 18,004 shares during the period. Pecaut & CO. grew its holdings in shares of Liberty Media Formula One Series A by 1.1% during the first quarter. Pecaut & CO. now owns 100,807 shares of the company’s stock valued at $4,494,000 after buying an additional 1,100 shares during the last quarter. Roundview Capital LLC grew its holdings in shares of Liberty Media Formula One Series A by 60.5% during the first quarter. Roundview Capital LLC now owns 19,240 shares of the company’s stock valued at $655,000 after buying an additional 7,250 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Liberty Media Formula One Series A by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 755,492 shares of the company’s stock valued at $25,717,000 after buying an additional 2,109 shares during the last quarter. Finally, Williams Jones & Associates LLC purchased a new stake in shares of Liberty Media Formula One Series A during the first quarter valued at approximately $250,000. Institutional investors and hedge funds own 9.74% of the company’s stock.

Shares of NASDAQ:FWONA traded down $0.16 during trading on Wednesday, reaching $40.15. 1,261 shares of the stock traded hands, compared to its average volume of 60,490. The stock has a 50-day moving average of $38.86 and a two-hundred day moving average of $36.62. Liberty Media Formula One Series A has a 52-week low of $26.63 and a 52-week high of $40.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $9.31 billion, a P/E ratio of -62.00 and a beta of 0.91.

Liberty Media Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.33) EPS for the quarter. Liberty Media Formula One Series A had a negative net margin of 18.41% and a negative return on equity of 1.64%. The firm had revenue of $620.00 million for the quarter.

In related news, insider Albert E. Rosenthaler sold 3,398 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total value of $95,891.56. Following the sale, the insider now owns 9,990 shares in the company, valued at $281,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian J. Wendling sold 14,533 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.47, for a total transaction of $559,084.51. Following the completion of the sale, the senior vice president now owns 6,079 shares in the company, valued at approximately $233,859.13. The disclosure for this sale can be found here.

A number of research firms have recently commented on FWONA. FBN Securities cut shares of Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their price target for the company from $38.00 to $50.00 in a report on Thursday, August 15th. Finally, Evercore ISI began coverage on shares of Liberty Media Formula One Series A in a report on Thursday, May 23rd. They set an “outperform” rating and a $40.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.50.

About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Institutional Ownership by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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