Alps Advisors Inc. Buys 91,300 Shares of Liberty Media Formula One Series A (NASDAQ:FWONA)

Alps Advisors Inc. boosted its stake in Liberty Media Formula One Series A (NASDAQ:FWONA) by 604.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,400 shares of the company’s stock after purchasing an additional 91,300 shares during the period. Alps Advisors Inc.’s holdings in Liberty Media Formula One Series A were worth $4,212,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FWONA. Ingalls & Snyder LLC grew its position in Liberty Media Formula One Series A by 3.4% in the 2nd quarter. Ingalls & Snyder LLC now owns 18,506 shares of the company’s stock worth $664,000 after purchasing an additional 600 shares during the period. Cardan Capital Partners LLC bought a new stake in shares of Liberty Media Formula One Series A during the 2nd quarter valued at $244,000. Machina Capital S.A.S. bought a new stake in shares of Liberty Media Formula One Series A during the 2nd quarter valued at $185,000. Eidelman Virant Capital bought a new stake in shares of Liberty Media Formula One Series A during the 2nd quarter valued at $5,879,000. Finally, Strs Ohio grew its position in shares of Liberty Media Formula One Series A by 3.3% during the 2nd quarter. Strs Ohio now owns 13,043 shares of the company’s stock valued at $467,000 after acquiring an additional 414 shares during the period. 9.73% of the stock is owned by institutional investors and hedge funds.

Shares of FWONA stock opened at $37.94 on Friday. Liberty Media Formula One Series A has a 1 year low of $26.63 and a 1 year high of $40.81. The firm has a fifty day moving average price of $39.30 and a 200-day moving average price of $37.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market cap of $9.12 billion, a price-to-earnings ratio of -58.37 and a beta of 0.89.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter. Liberty Media Formula One Series A had a negative net margin of 18.41% and a negative return on equity of 1.64%. The business had revenue of $620.00 million for the quarter.

In related news, insider Albert E. Rosenthaler sold 3,398 shares of Liberty Media Formula One Series A stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total transaction of $95,891.56. Following the transaction, the insider now owns 9,990 shares in the company, valued at approximately $281,917.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brian J. Wendling sold 14,533 shares of Liberty Media Formula One Series A stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $38.47, for a total transaction of $559,084.51. Following the transaction, the senior vice president now owns 6,079 shares in the company, valued at approximately $233,859.13. The disclosure for this sale can be found here.

A number of brokerages have recently issued reports on FWONA. Benchmark began coverage on shares of Liberty Media Formula One Series A in a research report on Wednesday, October 9th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $50.00 in a research report on Thursday, August 15th. FBN Securities downgraded shares of Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, September 18th. Finally, Citigroup boosted their price objective on shares of Liberty Media Formula One Series A from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $44.67.

Liberty Media Formula One Series A Company Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Institutional Ownership by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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