Formula One Group (NASDAQ:FWONA) Hits New 12-Month High at $64.74

Formula One Group (NASDAQ:FWONA – Get Rating)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $64.74 and last traded at $64.71, with a volume of 43246 shares traded. The stock had previously closed at $63.93.

Formula One Group Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.92, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50-day moving average of $56.37 and a 200-day moving average of $56.31.

Formula One Group (NASDAQ:FWONA – Get Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter. Formula One Group had a return on equity of 0.19% and a net margin of 1.34%. The company had revenue of $715.00 million for the quarter.

Insider Buying and Selling at Formula One Group

In other news, Director Malcolm Ian Grant Gilchrist sold 916 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $59.09, for a total transaction of $54,126.44. Following the transaction, the director now directly owns 3,940 shares of the company’s stock, valued at $232,814.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Formula One Group news, major shareholder Gamco Investors, Inc. Et Al bought 800 shares of the business’s stock in a transaction that occurred on Friday, December 23rd. The shares were bought at an average cost of $32.58 per share, with a total value of $26,064.00. Following the completion of the purchase, the insider now directly owns 12,800 shares of the company’s stock, valued at $417,024. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Malcolm Ian Grant Gilchrist sold 916 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $59.09, for a total value of $54,126.44. Following the completion of the sale, the director now directly owns 3,940 shares in the company, valued at $232,814.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 8,200 shares of company stock worth $267,200 and have sold 28,335 shares worth $1,286,901. Company insiders own 4.83% of the company’s stock.

Institutional Trading of Formula One Group

Several large investors have recently modified their holdings of FWONA. Athena Investment Management purchased a new stake in Formula One Group in the second quarter worth about $351,000. Janney Montgomery Scott LLC purchased a new position in shares of Formula One Group during the fourth quarter valued at approximately $246,000. OLD Mission Capital LLC purchased a new position in shares of Formula One Group during the second quarter valued at approximately $245,000. US Bancorp DE lifted its holdings in shares of Formula One Group by 135.7% during the second quarter. US Bancorp DE now owns 2,605 shares of the company’s stock valued at $150,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Fred Alger Management LLC purchased a new position in shares of Formula One Group during the third quarter valued at approximately $38,000. 8.71% of the stock is owned by institutional investors.

About Formula One Group

(Get Rating)

Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.