Cooper Investors PTY Ltd. Increases Stake in Liberty Media Corporation - Liberty Formula One Series A $FWONA

Key Points

• Cooper Investors PTY Ltd. increased its stake in Liberty Media Corporation - Liberty Formula One Series A by 14.0% during the second quarter, holding 51,971 shares valued at approximately $4.9 million.
• Several institutional investors, including Strs Ohio and Janney Montgomery Scott LLC, have made significant changes to their positions in Liberty Media, showcasing growing confidence in the company.
• Analysts have raised their ratings for Liberty Media Corporation, with Zacks upgrading it to a "strong-buy" and Guggenheim increasing the price target from $95.00 to $110.00.

Cooper Investors PTY Ltd. boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 14.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,971 shares of the company's stock after acquiring an additional 6,389 shares during the period. Cooper Investors PTY Ltd.'s holdings in Liberty Media Corporation - Liberty Formula One Series A were worth $4,935,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new position in Liberty Media Corporation - Liberty Formula One Series A during the 1st quarter valued at approximately $2,232,000. Janney Montgomery Scott LLC lifted its position in 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 buying an additional 7,811 shares during the last quarter. Longboard Asset Management LP bought a new position in Liberty Media Corporation - Liberty Formula One Series A during the second quarter valued at $272,000. Gabelli Funds LLC lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.3% in the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock worth $9,381,000 after acquiring an additional 2,625 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 8.38% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on FWONA. Zacks Research raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Benchmark reiterated a "buy" rating and set a $102.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. Sanford C. Bernstein began coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price target on the stock. Finally, Guggenheim lifted their price objective on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.00.

Insider Buying and Selling

In other Liberty Media Corporation - Liberty Formula One Series A news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the transaction, the director owned 1,781 shares in the company, valued at approximately $178,456.20. This represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 5,651 shares of company stock worth $572,250 in the last quarter. 2.97% of the stock is currently owned by company insiders.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

Liberty Media Corporation - Liberty Formula One Series A stock opened at $93.85 on Friday. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $96.40. The business has a fifty day moving average price of $90.67 and a 200-day moving average price of $86.37. The stock has a market capitalization of $23.41 billion, a price-to-earnings ratio of 92.01 and a beta of 0.52.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last issued its earnings results 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 firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. On average, equities research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share 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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