Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 13.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,700 shares of the company’s stock after buying an additional 17,950 shares during the quarter. Gabelli Funds LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $11,532,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FWONA. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock valued at $937,000 after buying an additional 120 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the period. QRG Capital Management Inc. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 3.9% in the 1st quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock valued at $269,000 after acquiring an additional 128 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

NASDAQ FWONA opened at $89.07 on Monday. 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 $22.31 billion, a P/E ratio of 40.86 and a beta of 0.50. The business’s 50-day simple moving average is $85.62 and its 200-day simple moving average is $82.23.

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

In related news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. 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. Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Finally, Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $110.00.

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.