Board of the Pension Protection Fund Raises Stock Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Board of the Pension Protection Fund lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 72.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the company’s stock after purchasing an additional 6,800 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series A accounts for approximately 1.7% of Board of the Pension Protection Fund’s portfolio, making the stock its 18th largest position. Board of the Pension Protection Fund’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $1,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Callan Family Office LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth about $432,000. QRG Capital Management Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 6.1% during the second quarter. QRG Capital Management Inc. now owns 3,056 shares of the company’s stock worth $290,000 after purchasing an additional 177 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.9% during the second quarter. Janney Montgomery Scott LLC now owns 18,900 shares of the company’s stock worth $1,795,000 after purchasing an additional 528 shares in the last quarter. Signaturefd LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 11.4% in the 2nd quarter. Signaturefd LLC now owns 2,750 shares of the company’s stock worth $261,000 after buying an additional 281 shares during the last quarter. Finally, Plancorp LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA stock opened at $93.70 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52. The stock has a 50 day moving average price of $91.65 and a two-hundred day moving average price of $88.06. The company has a market capitalization of $23.37 billion, a P/E ratio of 91.86 and a beta of 0.53.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.52 by $1.00. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 1,781 shares in the company, valued at approximately $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 5,651 shares of company stock valued at $572,250 in the last ninety days. Insiders own 2.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FWONA. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday. Finally, Guggenheim boosted 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has an average rating of “Moderate Buy” and an average target price of $103.00.

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.