Liberty Media Corporation – Liberty Formula One Series A $FWONA Position Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 6.6% in the first quarter, HoldingsChannel reports. The firm owned 101,725 shares of the company’s stock after selling 7,216 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $7,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.4% in the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock valued at $118,593,000 after buying an additional 191,619 shares during the last quarter. Norges Bank bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter worth about $90,433,000. Janus Henderson Group PLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock worth $88,981,000 after acquiring an additional 20,683 shares during the last quarter. Sculptor Capital LP increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after acquiring an additional 12,786 shares during the period. Finally, Ruane Cunniff & Goldfarb L.P. lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after purchasing an additional 7,113 shares during the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FWONA shares. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Citizens Jmp reissued 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 report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has an average rating of “Buy” and an average price target of $110.00.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $89.07 on Monday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The stock’s fifty day moving average is $85.62 and its 200-day moving average is $82.23. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 40.86 and a beta of 0.50.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series A

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.63% of the company’s stock.

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.