Northern Trust Corp reduced its holdings in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 201,896 shares of the company’s stock after selling 3,119 shares during the period. Northern Trust Corp’s holdings in Liberty Media Formula One Series A were worth $6,000,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FWONA. Loeb Partners Corp bought a new position in shares of Liberty Media Formula One Series A in the fourth quarter worth about $26,000. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Media Formula One Series A in the fourth quarter worth about $27,000. We Are One Seven LLC bought a new position in shares of Liberty Media Formula One Series A in the fourth quarter worth about $52,000. Bank of Montreal Can raised its stake in shares of Liberty Media Formula One Series A by 85.2% in the fourth quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock worth $66,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Liberty Media Formula One Series A in the third quarter worth about $201,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

A number of equities research analysts recently weighed in on FWONA shares. ValuEngine raised shares of Liberty Media Formula One Series A from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Macquarie reissued a “buy” rating and set a $43.00 price target on shares of Liberty Media Formula One Series A in a research note on Tuesday. Zacks Investment Research downgraded shares of Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, Pivotal Research reissued a “buy” rating and set a $43.00 price target on shares of Liberty Media Formula One Series A in a research note on Friday, March 1st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Liberty Media Formula One Series A has an average rating of “Buy” and a consensus price target of $40.60.

In related news, major shareholder Art L.P. Ancient purchased 25,000 shares of Liberty Media Formula One Series A stock in a transaction dated Thursday, January 24th. The stock was bought at an average price of $29.88 per share, for a total transaction of $747,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard N. Baer sold 19,988 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $41.51, for a total transaction of $829,701.88. The disclosure for this sale can be found here. 4.68% of the stock is currently owned by corporate insiders.

FWONA opened at $36.42 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.62. The company has a market cap of $8.49 billion, a P/E ratio of -56.03 and a beta of 0.99. Liberty Media Formula One Series A has a fifty-two week low of $26.63 and a fifty-two week high of $37.32.

Liberty Media Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, February 28th. The company reported ($0.80) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.44). The business had revenue of $481.00 million for the quarter, compared to the consensus estimate of $475.00 million. Liberty Media Formula One Series A had a negative return on equity of 0.67% and a negative net margin of 8.21%. On average, equities research analysts anticipate that Liberty Media Formula One Series A will post -0.64 earnings per share for the current fiscal year.

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Liberty Media Formula One Series A Profile

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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