Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Acquired by Cooper Investors PTY Ltd.

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. increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 14.0% during the 2nd quarter, according to its most recent filing 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 reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FWONA. Strs Ohio acquired a new position in Liberty Media Corporation - Liberty Formula One Series A during the 1st quarter worth approximately $2,232,000. Janney Montgomery Scott LLC raised its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 74.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock valued at $1,497,000 after purchasing an additional 7,811 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A in the 2nd quarter valued at approximately $272,000. Gabelli Funds LLC raised its position 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 valued at $9,381,000 after purchasing an additional 2,625 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock valued at $4,835,000 after purchasing an additional 1,300 shares in the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Formula One Series A Stock Down 0.4%

FWONA stock traded down $0.36 during trading on Tuesday, reaching $92.89. 29,547 shares of the company's stock were exchanged, compared to its average volume of 101,418. 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 company's fifty day moving average price is $90.70 and its 200-day moving average price is $86.52. The firm has a market cap of $23.17 billion, a PE ratio of 91.06 and a beta of 0.52.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last announced its quarterly 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FWONA shares. Guggenheim upped their target price on Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein started coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 target price on the stock. Benchmark reaffirmed a "buy" rating and issued a $102.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. Finally, Zacks Research raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. 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 company's stock. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series A presently has an average rating of "Moderate Buy" and a consensus target price of $103.00.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series A

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director owned 1,781 shares in the company, valued at $178,456.20. This represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 5,651 shares of company stock valued at $572,250 in the last ninety days. Corporate insiders own 2.97% of the company's stock.

About Liberty Media Corporation - Liberty Formula One Series A

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.