Vise Technologies Inc. Acquires New Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Vise Technologies Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 8,507 shares of the company’s stock, valued at approximately $808,000.

Other hedge funds have also made changes to their positions in the company. Credit Industriel ET Commercial purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth about $3,256,000. Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth $793,000. Pinnacle Associates Ltd. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 116,985 shares of the company’s stock valued at $11,109,000 after acquiring an additional 537 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 12.0% during the second quarter. Simon Quick Advisors LLC now owns 2,809 shares of the company’s stock worth $267,000 after acquiring an additional 302 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 196.2% in the 2nd quarter. Assetmark Inc. now owns 391 shares of the company’s stock valued at $37,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA stock opened at $91.70 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52. The firm has a fifty day moving average price of $92.51 and a two-hundred day moving average price of $90.63. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 117.57 and a beta of 0.52.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FWONA. Guggenheim upped their target price on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director directly owned 1,781 shares of the company’s stock, valued at $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This represents a 34.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 125,972 shares of company stock worth $12,790,686. 2.97% of the stock is currently owned by company insiders.

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.