Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Director Malcolm Ian Grant Gilchrist Sells 898 Shares

Key Points

• Director Malcolm Ian Grant Gilchrist of Liberty Media Corporation - Liberty Formula One Series A sold 898 shares at an average price of $100.20, a transaction that resulted in a 33.52% decrease in their holdings.
• The company reported $1.52 earnings per share for the last quarter, significantly exceeding analyst expectations of $0.52, and had a revenue of $1.34 billion.
• Brokerages have shown positive sentiment with Zacks upgrading the stock to a "strong-buy" rating and issuing an average price target of $103.00.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the transaction, the director owned 1,781 shares in the company, valued at $178,456.20. This represents a 33.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Malcolm Ian Grant Gilchrist also recently made the following trade(s):

• On Wednesday, August 27th, Malcolm Ian Grant Gilchrist sold 868 shares of Liberty Media Corporation - Liberty Formula One Series A stock. The stock was sold at an average price of $97.11, for a total value of $84,291.48.
• On Monday, August 25th, Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation - Liberty Formula One Series A stock. The shares were sold at an average price of $102.44, for a total value of $397,979.40.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

NASDAQ:FWONA traded down $1.91 during trading on Wednesday, reaching $89.59. The company's stock had a trading volume of 149,885 shares, compared to its average volume of 101,709. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 87.83 and a beta of 0.52. The firm has a 50 day moving average of $90.84 and a 200-day moving average of $86.18. Liberty Media Corporation - Liberty Formula One Series A has a 12 month low of $68.00 and a 12 month high of $96.40.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $1.00. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts forecast that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series A

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the second quarter worth about $66,000. Evergreen Capital Management LLC lifted its stake in Liberty Media Corporation - Liberty Formula One Series A by 19.7% during the second quarter. Evergreen Capital Management LLC now owns 4,030 shares of the company's stock worth $383,000 after purchasing an additional 662 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Liberty Media Corporation - Liberty Formula One Series A by 339.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,375 shares of the company's stock worth $320,000 after purchasing an additional 2,607 shares during the last quarter. Sculptor Capital LP lifted its stake in Liberty Media Corporation - Liberty Formula One Series A by 1.7% during the second quarter. Sculptor Capital LP now owns 750,000 shares of the company's stock worth $71,220,000 after purchasing an additional 12,786 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in Liberty Media Corporation - Liberty Formula One Series A by 5.1% during the second quarter. Royal London Asset Management Ltd. now owns 6,177 shares of the company's stock worth $587,000 after purchasing an additional 300 shares during the last quarter. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FWONA. Zacks Research upgraded Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein initiated coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price target for the company. Benchmark reiterated a "buy" rating and issued a $102.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. Finally, Guggenheim lifted their price target on Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $103.00.

About Liberty Media Corporation - Liberty Formula One Series A

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.