FNY Investment Advisers LLC Has $52,000 Holdings in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA)

FNY Investment Advisers LLC reduced its position in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 17.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640 shares of the company’s stock after selling 139 shares during the period. FNY Investment Advisers LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $52,000 at the end of the most recent quarter.

Separately, Janney Montgomery Scott LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 74.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company’s stock valued at $1,497,000 after acquiring an additional 7,811 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director now owns 93,102 shares in the company, valued at approximately $8,973,170.76. This trade represents a 51.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.2%

Shares of NASDAQ:FWONA opened at $88.89 on Wednesday. The business has a 50 day moving average price of $83.85 and a 200 day moving average price of $84.06. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $63.01 and a twelve month high of $95.33. The company has a market cap of $22.17 billion, a price-to-earnings ratio of -222.23 and a beta of 0.49.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $440.80 million. Analysts anticipate that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, February 24th. They issued an “underweight” rating and a $83.00 price objective on the stock. Guggenheim reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 3rd. Sanford C. Bernstein assumed coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 4th. They issued a “market perform” rating and a $105.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $102.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, June 12th. Finally, Seaport Res Ptn upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.25.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.