Liberty Media Corporation – Liberty Formula One Series A $FWONA is Cooper Investors PTY Ltd.’s 10th Largest Position

by · The Cerbat Gem

Cooper Investors PTY Ltd. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Free Report) by 117.4% during the third quarter, Holdings Channel.com reports. The firm owned 112,982 shares of the company’s stock after acquiring an additional 61,011 shares during the period. Liberty Media Corporation – Liberty Formula One Series A accounts for about 2.9% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 10th largest position. Cooper Investors PTY Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $10,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth about $96,078,000. Sculptor Capital LP grew 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 in the last quarter. Ruane Cunniff & Goldfarb L.P. increased its stake 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 worth $71,063,000 after acquiring an additional 7,113 shares during the last quarter. Highbridge Capital Management LLC raised its position in Liberty Media Corporation – Liberty Formula One Series A by 27.8% during the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after purchasing an additional 79,413 shares during the period. Finally, Bamco Inc. NY lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 10.1% in the 2nd quarter. Bamco Inc. NY now owns 333,317 shares of the company’s stock valued at $31,652,000 after purchasing an additional 30,637 shares during the last quarter. Institutional investors own 8.38% of the company’s stock.

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

FWONA opened at $88.03 on Friday. The business has a fifty day moving average of $88.33 and a 200 day moving average of $90.63. The stock has a market cap of $22.01 billion, a P/E ratio of 112.86 and a beta of 0.54. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52.

Analyst Upgrades and Downgrades

FWONA has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Benchmark reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Check Out Our Latest Analysis on Liberty Media Corporation – Liberty Formula One Series A

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the sale, the insider owned 21,037 shares in the company, valued at $1,933,089.93. This trade represents a 34.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This trade represents 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 three months. Insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FWONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Free Report).