Strs Ohio Purchases Shares of 27,400 Liberty Media Corporation - Liberty Formula One Series A $FWONA

Key Points

• Strs Ohio acquired a new stake in Liberty Media Corporation - Liberty Formula One Series A, purchasing 27,400 shares valued at approximately $2.23 million during the first quarter.
• Numerous institutional investors increased their holdings in Liberty Media, with Janney Montgomery Scott LLC boosting its stake by 74%, demonstrating increased institutional interest in the company.
• Liberty Media reported $1.52 earnings per share (EPS) for the last quarter, significantly surpassing the consensus estimate of $0.52, indicating strong financial performance.

Strs Ohio acquired a new stake in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,400 shares of the company's stock, valued at approximately $2,232,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Liberty Media Corporation - Liberty Formula One Series A by 74.0% during the first quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after purchasing an additional 7,811 shares during the last quarter. Bank of New York Mellon Corp increased its position in Liberty Media Corporation - Liberty Formula One Series A by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after purchasing an additional 1,300 shares during the last quarter. Gabelli Funds LLC increased its position in Liberty Media Corporation - Liberty Formula One Series A by 2.3% during the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock worth $9,381,000 after purchasing an additional 2,625 shares during the last quarter. Quantbot Technologies LP increased its position in Liberty Media Corporation - Liberty Formula One Series A by 61.6% during the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock worth $196,000 after purchasing an additional 916 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Liberty Media Corporation - Liberty Formula One Series A by 28.9% during the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company's stock.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 5,651 shares of company stock valued at $572,250 over the last 90 days. Company insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FWONA shares. Guggenheim boosted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Benchmark reissued 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. Zacks Research raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Sanford C. Bernstein initiated 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. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series A presently has a consensus rating of "Moderate Buy" and an average price target of $103.00.

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

Shares of NASDAQ:FWONA traded down $0.37 during trading on Friday, reaching $93.48. The stock had a trading volume of 271,913 shares, compared to its average volume of 80,276. Liberty Media Corporation - Liberty Formula One Series A has a 52 week low of $68.00 and a 52 week high of $96.40. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 91.65 and a beta of 0.52. The stock has a fifty day simple moving average of $90.69 and a two-hundred day simple moving average of $86.44.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $1.00. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, analysts forecast 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

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.