Highbridge Capital Management LLC Sells 97,422 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Highbridge Capital Management LLC decreased its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 30.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,221 shares of the company’s stock after selling 97,422 shares during the period. Highbridge Capital Management LLC owned 0.09% of Liberty Media Corporation – Liberty Formula One Series A worth $20,309,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 34.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock worth $118,630,000 after acquiring an additional 337,607 shares during the period. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the fourth quarter worth about $90,433,000. Sculptor Capital LP raised its position in Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after acquiring an additional 12,786 shares during the period. Ruane Cunniff & Goldfarb L.P. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock worth $71,063,000 after acquiring an additional 7,113 shares during the period. Finally, Bamco Inc. NY raised its position in Liberty Media Corporation – Liberty Formula One Series A by 10.1% in the second quarter. Bamco Inc. NY now owns 333,317 shares of the company’s stock worth $31,652,000 after acquiring an additional 30,637 shares during the period. Institutional investors own 8.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FWONA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Citizens Jmp began coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 price objective on the stock. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Citigroup lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $103.00.

Insider Buying and Selling

In related news, Director Chase Carey sold 100,000 shares of the business’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 transaction of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 2.2%

FWONA opened at $80.94 on Friday. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 37.13 and a beta of 0.52. The firm has a 50-day moving average price of $81.53 and a 200-day moving average price of $82.31. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.