Liberty Media Corporation – Liberty Formula One Series A $FWONA Position Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 64.8% in the second quarter, Holdings Channel.com reports. The firm owned 5,660 shares of the company’s stock after selling 10,405 shares during the period. Squarepoint Ops LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $537,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth about $96,078,000. Sculptor Capital LP increased its holdings 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 buying an additional 12,786 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. raised its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after acquiring an additional 7,113 shares in the last quarter. Highbridge Capital Management LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 27.8% in the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after acquiring an additional 79,413 shares during the last quarter. Finally, Bamco Inc. NY grew 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 in the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

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

In other news, insider Renee L. Wilm sold 11,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the sale, the insider directly owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. This trade represents a 34.74% 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. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 368,363 shares of company stock valued at $36,650,423 over the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.3%

NASDAQ FWONA opened at $88.03 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52. The company has a fifty day simple moving average of $88.41 and a 200 day simple moving average of $90.65. The company has a market cap of $22.01 billion, a P/E ratio of 112.86 and a beta of 0.54.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FWONA shares. Zacks Research lowered shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, November 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday. One research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Liberty Media Corporation – Liberty Formula One Series A 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.