State Street Corp Purchases 5,506 Shares of Liberty Media Formula One Series A (NASDAQ:FWONA)

State Street Corp boosted its stake in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,443 shares of the company’s stock after purchasing an additional 5,506 shares during the period. State Street Corp owned about 0.13% of Liberty Media Formula One Series A worth $7,628,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FWONA. Goldman Sachs Group Inc. lifted its position in Liberty Media Formula One Series A by 24.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 37,057 shares of the company’s stock valued at $1,623,000 after purchasing an additional 7,217 shares during the period. Bank of New York Mellon Corp increased its holdings in Liberty Media Formula One Series A by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 82,456 shares of the company’s stock valued at $3,610,000 after buying an additional 4,217 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Liberty Media Formula One Series A by 2,955.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 4,766 shares of the company’s stock valued at $209,000 after buying an additional 4,610 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Liberty Media Formula One Series A by 106.0% during the fourth quarter. Alliancebernstein L.P. now owns 16,326 shares of the company’s stock valued at $715,000 after buying an additional 8,400 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Liberty Media Formula One Series A by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 289,233 shares of the company’s stock valued at $12,662,000 after buying an additional 19,023 shares during the last quarter. Institutional investors own 9.81% of the company’s stock.

FWONA has been the subject of a number of research reports. Morgan Stanley cut shares of Liberty Media Formula One Series A from an “overweight” rating to an “equal weight” rating in a report on Monday, April 13th. Zacks Investment Research cut shares of Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.50.

In other news, CAO Brian J. Wendling sold 1,030 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.60, for a total value of $36,668.00. Following the completion of the sale, the chief accounting officer now owns 43,742 shares in the company, valued at approximately $1,557,215.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder R. Ted Weschler purchased 795,354 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost of $33.44 per share, for a total transaction of $26,596,637.76. Following the purchase, the insider now directly owns 271,034 shares in the company, valued at $9,063,376.96. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,136,148 shares of company stock valued at $108,053,111 and have sold 291,373 shares valued at $10,553,769. 4.78% of the stock is owned by company insiders.

FWONA stock opened at $33.09 on Friday. Liberty Media Formula One Series A has a 52 week low of $16.87 and a 52 week high of $46.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $32.90. The firm has a market capitalization of $7.67 billion, a P/E ratio of -15.18 and a beta of 1.25.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.85) by ($0.63). Liberty Media Formula One Series A had a negative net margin of 27.88% and a negative return on equity of 2.29%. The business had revenue of $39.00 million for the quarter. As a group, analysts anticipate that Liberty Media Formula One Series A will post -3.21 EPS for the current year.

About Liberty Media Formula One Series A

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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