Janney Montgomery Scott LLC raised its stake in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 74.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,372 shares of the company's stock after purchasing an additional 7,811 shares during the quarter. Janney Montgomery Scott LLC's holdings in Liberty Media Corporation - Liberty Formula One Series A were worth $1,497,000 at the end of the most recent quarter.
Separately, Russell Investments Group Ltd. boosted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 67.2% in the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock valued at $56,000 after purchasing an additional 266 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on FWONA. Benchmark restated a "buy" rating and set a $102.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Thursday, June 12th. Seaport Res Ptn upgraded shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 15th. Susquehanna began coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, April 28th. They set a "positive" rating and a $115.00 target price on the stock. Sanford C. Bernstein began coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, June 4th. They set a "market perform" rating and a $105.00 target price on the stock. Finally, Guggenheim restated a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $101.25.
View Our Latest Research Report on Liberty Media Corporation - Liberty Formula One Series A
Insider Buying and Selling
In other news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director now owns 93,102 shares of the company's stock, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.97% of the stock is currently owned by insiders.
Liberty Media Corporation - Liberty Formula One Series A Price Performance
Liberty Media Corporation - Liberty Formula One Series A stock traded up $0.59 during midday trading on Friday, hitting $95.52. 157,046 shares of the stock were exchanged, compared to its average volume of 112,044. Liberty Media Corporation - Liberty Formula One Series A has a 1 year low of $63.01 and a 1 year high of $96.00. The firm has a market cap of $23.83 billion, a P/E ratio of -238.80 and a beta of 0.49. The company has a 50 day moving average price of $87.17 and a two-hundred day moving average price of $84.66.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $400.00 million for the quarter, compared to analysts' expectations of $440.80 million. As a group, analysts predict that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.
Liberty Media Corporation - Liberty Formula One Series A Company Profile
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Free Report)
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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