Janney Montgomery Scott LLC Raises Stock Position in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA)

Janney Montgomery Scott LLC boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 74.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,372 shares of the company's stock after acquiring 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 reporting period.

Separately, Russell Investments Group Ltd. grew its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 67.2% during the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock valued at $56,000 after acquiring an additional 266 shares during the period. 8.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Chase Carey sold 100,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 owned 93,102 shares of the company's stock, valued at approximately $8,973,170.76. This trade represents a 51.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FWONA shares. Seaport Res Ptn raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 15th. Sanford C. Bernstein began coverage on Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, June 4th. They set a "market perform" rating and a $105.00 target price for the company. Guggenheim reiterated a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, March 3rd. Benchmark reaffirmed a "buy" rating and set a $102.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Thursday, June 12th. Finally, Susquehanna assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, April 28th. They issued a "positive" rating and a $115.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $101.25.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

Shares of NASDAQ:FWONA traded down $3.19 during trading on Tuesday, reaching $91.77. The stock had a trading volume of 90,451 shares, compared to its average volume of 112,463. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $63.01 and a 1-year high of $96.40. The stock has a market cap of $22.89 billion, a PE ratio of -229.43 and a beta of 0.53. The business has a fifty day moving average price of $87.88 and a 200-day moving average price of $84.76.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last announced its 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 business had revenue of $400.00 million for the quarter, compared to analyst estimates of $440.80 million. Sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current year.

Liberty Media Corporation - Liberty Formula One Series A 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.