Engineers Gate Manager LP Raises Stock Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Engineers Gate Manager LP boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 4,106.5% during the second quarter, Holdings Channel.com reports. The firm owned 174,442 shares of the company’s stock after purchasing an additional 170,295 shares during the quarter. Engineers Gate Manager LP’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $15,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock valued at $12,475,000 after buying an additional 13,908 shares during the last quarter. Deltroit Asset Management UK LLP purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 4th quarter worth approximately $4,609,000. Gabelli Funds LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.8% in the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after buying an additional 17,950 shares during the last quarter. S&CO Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $5,624,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $4,033,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee Wilm sold 11,597 shares of the company’s 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 owned 15,590 shares in the company, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA stock opened at $88.65 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 130.37 and a beta of 0.49. The stock’s 50-day simple moving average is $91.76 and its 200-day simple moving average is $84.90.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $954.37 million.

Analysts Set New Price Targets

FWONA has been the subject of a number of analyst reports. Guggenheim increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Finally, Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $114.67.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Series A represents an interest in the company’s Formula One Group, which is primarily involved in the commercial and promotional management of the Formula 1 World Championship. The business oversees the global championship’s commercial rights, including race promotion, media and broadcasting rights, sponsorships, hospitality, licensing and other related activities.

Formula 1 organizes and promotes a worldwide motor racing series featuring events held across Europe, the Americas, Asia, the Middle East and Australia.