S&CO Inc. Acquires Shares of 64,254 Liberty Media Corporation - Liberty Formula One Series A $FWONA

Key Points

• S&CO Inc. acquired 64,254 FWONA shares during the second quarter, valued at approximately $5.62 million. Institutional investors collectively own 8.38% of the company.
• Analyst sentiment remains positive: FWONA has a consensus rating of “Buy” and an average price target of $114.67, with JMP raising its target to $120 and Guggenheim setting a $124 target.
• FWONA recently traded at $95.31, near its 52-week high, but Liberty Media missed quarterly expectations with EPS of $0.02 versus $0.24 forecast and revenue of $934 million versus $954.37 million expected. Insiders also sold substantial holdings, including 100,000 shares sold by director Chase Carey.

S&CO Inc. bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 64,254 shares of the company's stock, valued at approximately $5,624,000.

A number of other large investors have also modified their holdings of FWONA. TD Waterhouse Canada Inc. lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company's stock worth $27,000 after buying an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Liberty Media Corporation - Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company's stock valued at $44,000 after acquiring an additional 371 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company's stock valued at $48,000 after acquiring an additional 209 shares during the last quarter. Finally, State of Wyoming purchased a new position in Liberty Media Corporation - Liberty Formula One Series A in the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 8.38% of the company's stock.

Analyst Ratings Changes

FWONA has been the subject of a number of analyst reports. Citizens Jmp restated a "market outperform" rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, July 2nd. Guggenheim reiterated a "buy" rating and set a $124.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Friday. Citigroup reissued a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, July 22nd. Zacks Research upgraded Liberty Media Corporation - Liberty Formula One Series A from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series A currently has an average rating of "Buy" and a consensus target price of $114.67.

Insider Activity at Liberty Media Corporation - Liberty Formula One Series A

In other Liberty Media Corporation - Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.63% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

NASDAQ:FWONA opened at $95.31 on Friday. The company's 50-day moving average is $88.54 and its two-hundred day moving average is $83.21. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $99.52. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 140.16 and a beta of 0.49.

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

About Liberty Media Corporation - Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A NASDAQ: FWONA is a tracking stock that represents Liberty Media's economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media's other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.

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