CI Investments Inc. Raises Stock Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

CI Investments Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONAFree Report) by 44.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,049 shares of the company’s stock after buying an additional 20,006 shares during the quarter. CI Investments Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $5,079,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FWONA. TD Waterhouse Canada Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after purchasing an additional 371 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after buying an additional 209 shares during the period. Finally, State of Wyoming purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth $66,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Analyst Ratings Changes

FWONA has been the subject of a number of research reports. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $110.00.

Read Our Latest Analysis on FWONA

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

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.63% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $88.71 on Friday. The company’s 50 day moving average price is $85.48 and its 200 day moving average price is $82.24. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 40.69 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52.

About Liberty Media Corporation – Liberty Formula One Series A

(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

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

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