SG Americas Securities LLC Sells 7,830 Shares of Liberty Media Formula One Series A (FWONA)

SG Americas Securities LLC trimmed its stake in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 55.4% during the 2nd quarter, Holdings Channel reports. The fund owned 6,300 shares of the company’s stock after selling 7,830 shares during the quarter. SG Americas Securities LLC’s holdings in Liberty Media Formula One Series A were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FWONA. State Board of Administration of Florida Retirement System grew its position in shares of Liberty Media Formula One Series A by 13.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,018 shares of the company’s stock worth $1,231,000 after buying an additional 4,856 shares during the last quarter. Northern Trust Corp grew its position in shares of Liberty Media Formula One Series A by 4.4% in the 1st quarter. Northern Trust Corp now owns 184,559 shares of the company’s stock worth $5,405,000 after buying an additional 7,756 shares during the last quarter. BlackRock Inc. grew its position in shares of Liberty Media Formula One Series A by 8.1% in the 1st quarter. BlackRock Inc. now owns 1,266,378 shares of the company’s stock worth $37,092,000 after buying an additional 94,542 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Liberty Media Formula One Series A by 99.1% in the 1st quarter. Pinnacle Associates Ltd. now owns 69,444 shares of the company’s stock worth $2,034,000 after buying an additional 34,568 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Liberty Media Formula One Series A in the 1st quarter worth approximately $120,000. Institutional investors and hedge funds own 10.15% of the company’s stock.

A number of equities research analysts have recently weighed in on FWONA shares. ValuEngine upgraded Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 16th. Zacks Investment Research cut Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Citigroup raised their target price on Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Finally, Macquarie restated a “buy” rating and issued a $39.00 target price on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.33.

In other news, insider Albert E. Rosenthaler sold 54,781 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. Following the completion of the transaction, the insider now owns 24,972 shares in the company, valued at approximately $916,722.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.34% of the company’s stock.

FWONA opened at $35.18 on Thursday. The company has a market capitalization of $8.11 billion, a PE ratio of 22.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Media Formula One Series A has a 52 week low of $27.22 and a 52 week high of $39.37.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its earnings results on Wednesday, August 8th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.53). The firm had revenue of $585.00 million during the quarter, compared to analysts’ expectations of $642.00 million. Liberty Media Formula One Series A had a net margin of 20.90% and a return on equity of 1.66%. research analysts expect that Liberty Media Formula One Series A will post -0.41 earnings per share for the current fiscal year.

Liberty Media Formula One Series A Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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

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