Callan Family Office LLC Makes New $432,000 Investment in Liberty Media Corporation - Liberty Formula One Series A $FWONA

Key Points

• Callan Family Office LLC has made a significant new investment of $432,000 in Liberty Media Corporation - Liberty Formula One Series A by purchasing 4,546 shares during the second quarter.
• Multiple institutional investors have increased their holdings of Liberty Media Corporation, with Janney Montgomery Scott LLC showing a notable 74.0% increase in its stake earlier this year.
• Analysts have varied opinions on Liberty Media's stock, with Guggenheim raising its price target to $110.00, while Zacks Research has downgraded it from a "strong-buy" to a "hold" rating.

Callan Family Office LLC purchased a new position in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,546 shares of the company's stock, valued at approximately $432,000.

Several other institutional investors have also modified their holdings of FWONA. Janney Montgomery Scott LLC lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 74.0% in the first quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after acquiring an additional 7,811 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after acquiring an additional 1,300 shares in the last quarter. S&CO Inc. increased its holdings in Liberty Media Corporation - Liberty Formula One Series A by 1.0% in the first quarter. S&CO Inc. now owns 67,554 shares of the company's stock valued at $5,503,000 after buying an additional 660 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Liberty Media Corporation - Liberty Formula One Series A by 28.9% in the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company's stock valued at $69,000 after buying an additional 191 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in Liberty Media Corporation - Liberty Formula One Series A by 61.6% in the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock valued at $196,000 after buying an additional 916 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company's stock.

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

In other Liberty Media Corporation - Liberty Formula One Series A news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 5,651 shares of company stock worth $572,250. Company insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

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

Liberty Media Corporation - Liberty Formula One Series A Price Performance

Shares of FWONA stock opened at $94.78 on Wednesday. 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 market capitalization of $23.64 billion, a price-to-earnings ratio of 92.92 and a beta of 0.53. The business has a 50 day simple moving average of $91.90 and a 200 day simple moving average of $88.25.

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

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.

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