Kornitzer Capital Management Inc. KS Buys New Stake in Liberty Media Formula One Series A (FWONA)

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Kornitzer Capital Management Inc. KS bought a new position in Liberty Media Formula One Series A (NASDAQ:FWONA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,693 shares of the company’s stock, valued at approximately $1,056,000.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC boosted its position in Liberty Media Formula One Series A by 52.4% during the second quarter. FMR LLC now owns 1,252,262 shares of the company’s stock valued at $44,217,000 after buying an additional 430,621 shares during the period. Fairview Capital Investment Management LLC boosted its position in Liberty Media Formula One Series A by 6.0% during the third quarter. Fairview Capital Investment Management LLC now owns 1,165,915 shares of the company’s stock valued at $41,483,000 after buying an additional 65,915 shares during the period. State of Wisconsin Investment Board boosted its position in Liberty Media Formula One Series A by 32.8% during the second quarter. State of Wisconsin Investment Board now owns 806,850 shares of the company’s stock valued at $28,490,000 after buying an additional 199,101 shares during the period. JPMorgan Chase & Co. boosted its position in Liberty Media Formula One Series A by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 348,345 shares of the company’s stock valued at $12,394,000 after buying an additional 75,874 shares during the period. Finally, Gabelli Funds LLC boosted its position in Liberty Media Formula One Series A by 2.4% during the second quarter. Gabelli Funds LLC now owns 329,950 shares of the company’s stock valued at $11,651,000 after buying an additional 7,801 shares during the period. Institutional investors own 9.10% of the company’s stock.

Liberty Media Formula One Series A stock opened at $28.99 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.70 billion, a PE ratio of 23.96 and a beta of 1.34. Liberty Media Formula One Series A has a 1-year low of $27.22 and a 1-year high of $37.32.

Several analysts have issued reports on the stock. Pivotal Research restated a “buy” rating and set a $49.00 price target on shares of Liberty Media Formula One Series A in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Goldman Sachs Group assumed coverage on shares of Liberty Media Formula One Series A in a research report on Tuesday, October 9th. They set a “hold” rating and a $39.00 price target for the company. ValuEngine upgraded shares of Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Finally, Citigroup upped their price target on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $41.00.

In other news, major shareholder Gamco Investors, Inc. Et Al bought 6,400 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was bought at an average cost of $24.59 per share, for a total transaction of $157,376.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.34% of the company’s stock.

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About Liberty Media Formula One Series A

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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Institutional Ownership by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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