Credit Industriel ET Commercial Takes $3.26 Million Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Credit Industriel ET Commercial acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,289 shares of the company’s stock, valued at approximately $3,256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gabelli Funds LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.3% in the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock valued at $9,381,000 after buying an additional 2,625 shares during the period. S&CO Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the first quarter. S&CO Inc. now owns 67,554 shares of the company’s stock valued at $5,503,000 after buying an additional 660 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock valued at $4,835,000 after buying an additional 1,300 shares during the period. Cooper Investors PTY Ltd. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 14.0% in the second quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock valued at $4,935,000 after buying an additional 6,389 shares during the period. Finally, Strs Ohio acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 1st quarter valued at approximately $2,232,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FWONA shares. Guggenheim increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director owned 1,781 shares of the company’s stock, valued at $178,456.20. This trade represents a 33.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 5,651 shares of company stock worth $572,250. Company insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

NASDAQ:FWONA opened at $94.62 on Tuesday. The company has a market capitalization of $23.60 billion, a PE ratio of 92.77 and a beta of 0.53. The company has a 50 day simple moving average of $91.76 and a two-hundred day simple moving average of $88.21. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.52 by $1.00. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Research analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current year.

Liberty Media Corporation – Liberty Formula One Series A 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.