34,289 Shares in Liberty Media Corporation - Liberty Formula One Series A $FWONA Purchased by Credit Industriel ET Commercial

Key Points

• Credit Industriel ET Commercial acquired 34,289 shares of Liberty Media Corporation - Liberty Formula One Series A (FWONA) during the second quarter, valued at approximately $3,256,000.
• In the last quarter, Liberty Media reported an earnings per share (EPS) of $1.52, significantly exceeding analysts' estimates of $0.52, with revenues reaching $1.34 billion.
• Insider transactions revealed that Director Malcolm Ian Grant Gilchrist sold 3,885 shares recently at an average price of $102.44, with a total insider sale of 5,651 shares valued at $572,250 over the past three months.

Credit Industriel ET Commercial acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,289 shares of the company's stock, valued at approximately $3,256,000.

Several other institutional investors and hedge funds have also bought and sold shares of FWONA. Strs Ohio bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the first quarter worth about $2,232,000. Janney Montgomery Scott LLC lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 74.0% during the first quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after purchasing an additional 7,811 shares during the period. Board of the Pension Protection Fund lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 72.3% during the second quarter. Board of the Pension Protection Fund now owns 16,200 shares of the company's stock worth $1,538,000 after purchasing an additional 6,800 shares during the period. Cooper Investors PTY Ltd. lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 14.0% during the second quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company's stock worth $4,935,000 after purchasing an additional 6,389 shares during the period. Finally, Callan Family Office LLC bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the second quarter worth about $432,000. Institutional investors own 8.38% of the company's stock.

Insider Activity at Liberty Media Corporation - Liberty Formula One Series A

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 5,651 shares of company stock valued at $572,250 over the last three months. 2.97% of the stock is currently owned by corporate insiders.

Liberty Media Corporation - Liberty Formula One Series A Trading Up 1.0%

FWONA stock opened at $94.62 on Tuesday. The stock has a market capitalization of $23.60 billion, a P/E ratio of 92.77 and a beta of 0.53. Liberty Media Corporation - Liberty Formula One Series A has a 12 month low of $68.00 and a 12 month high of $99.52. The firm has a 50-day moving average price of $91.76 and a 200-day moving average price of $88.21.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $1.00. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts predict that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, October 8th. Zacks Research cut shares of Liberty Media Corporation - Liberty Formula One Series A from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. Finally, Guggenheim increased their target price on shares of Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series A presently has an average rating of "Moderate Buy" and an average price target of $103.00.

Liberty Media Corporation - Liberty Formula One Series A Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.

Want to see what other hedge funds are holding FWONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.