Ascent Group LLC Sells 1,003 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Ascent Group LLC reduced its position in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 26.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,853 shares of the company’s stock after selling 1,003 shares during the quarter. Ascent Group LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 28.9% during the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 191 shares during the last quarter. Signaturefd LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.4% in the second quarter. Signaturefd LLC now owns 2,750 shares of the company’s stock valued at $261,000 after purchasing an additional 281 shares during the period. Janney Montgomery Scott LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,900 shares of the company’s stock valued at $1,795,000 after buying an additional 528 shares in the last quarter. S&CO Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the 1st quarter. S&CO Inc. now owns 67,554 shares of the company’s stock valued at $5,503,000 after buying an additional 660 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 61.6% in the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock valued at $196,000 after buying an additional 916 shares in the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FWONA. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Guggenheim upped 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. Benchmark reiterated a “buy” rating and set 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 1.4%

Shares of NASDAQ:FWONA opened at $97.96 on Wednesday. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $68.00 and a 12 month high of $99.52. The company has a market cap of $24.44 billion, a price-to-earnings ratio of 96.04 and a beta of 0.53. The company has a 50-day moving average price of $91.34 and a 200-day moving average price of $87.77.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping 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. As a group, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current fiscal year.

Insider Activity 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 3,885 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 5,651 shares of company stock valued at $572,250. Company insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Profile

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.