Evergreen Capital Management LLC Makes New $1.03 Million Investment in Liberty Media Corporation - Liberty Formula One Series A $FWONA

Key Points

• Evergreen Capital Management acquired 12,184 FWONA shares worth approximately $1.03 million during the third quarter.
• Institutional ownership stands at 8.38%, with several other funds increasing their positions, including Farther Finance Advisors, which boosted its holdings by 235.5%.
• Analysts maintain a generally positive outlook, with the stock receiving an average “Buy” rating and a consensus price target of $114.67, despite the company missing quarterly earnings and revenue estimates.

Evergreen Capital Management LLC acquired a new position in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,184 shares of the company's stock, valued at approximately $1,031,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 3.9% in the first quarter. QRG Capital Management Inc. now owns 3,441 shares of the company's stock valued at $269,000 after buying an additional 128 shares during the period. GAMMA Investing LLC lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 11.0% in the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company's stock worth $127,000 after acquiring an additional 148 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 1.0% in the first quarter. Janney Montgomery Scott LLC now owns 22,507 shares of the company's stock valued at $1,757,000 after acquiring an additional 213 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 4.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,476 shares of the company's stock valued at $489,000 after acquiring an additional 244 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 235.5% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company's stock valued at $35,000 after acquiring an additional 292 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup restated a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, July 22nd. Guggenheim lifted their target price on shares of Liberty Media Corporation - Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, September 21st. Finally, Citizens Jmp restated a "market outperform" rating and issued a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $114.67.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

Liberty Media Corporation - Liberty Formula One Series A stock opened at $83.88 on Thursday. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 123.35 and a beta of 0.53. Liberty Media Corporation - Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $98.79. The stock's 50 day moving average price is $87.59 and its two-hundred day moving average price is $84.35.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

About Liberty Media Corporation - Liberty Formula One Series A

Liberty Media Corporation's Liberty Formula One Series A common stock represents an economic interest in the company's Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.

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