Trust Co. of Vermont purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,060 shares of the company’s stock, valued at approximately $1,718,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FWONA. American Century Companies Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 33.6% in the 2nd quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock valued at $365,000 after acquiring an additional 968 shares during the period. M&T Bank Corp boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 25.7% during the second quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock worth $311,000 after purchasing an additional 670 shares during the period. Amundi boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 29.2% during the second quarter. Amundi now owns 14,450 shares of the company’s stock worth $1,336,000 after purchasing an additional 3,264 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 54.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after purchasing an additional 929 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock worth $15,112,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.
Insiders Place Their Bets
In other news, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The SEC filing for this sale provides additional information. 0.63% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on FWONA
Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.3%
FWONA stock opened at $93.21 on Wednesday. The firm has a 50 day moving average of $89.05 and a 200-day moving average of $83.39. The firm has a market capitalization of $23.35 billion, a P/E ratio of 137.07 and a beta of 0.49. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52.
Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $954.37 million.
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.
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