Kornitzer Capital Management Inc. KS acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,600 shares of the company’s stock, valued at approximately $1,828,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 235.5% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after purchasing an additional 292 shares during the period. CX Institutional acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 3rd quarter valued at $59,000. GAMMA Investing LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock worth $118,000 after buying an additional 272 shares in the last quarter. State of Wyoming raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.1% in the 1st quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $114,000 after buying an additional 587 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 58.2% in the second quarter. Allworth Financial LP now owns 1,675 shares of the company’s stock valued at $147,000 after buying an additional 616 shares during the period. Institutional investors own 8.38% of the company’s stock.
Liberty Media Corporation – Liberty Formula One Series A Stock Performance
Shares of NASDAQ:FWONA opened at $102.83 on Tuesday. The stock has a market capitalization of $25.76 billion, a price-to-earnings ratio of 133.87 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $103.10. The company has a 50 day moving average price of $87.08 and a 200 day moving average price of $84.75.
Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.13). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Finally, Guggenheim upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $114.67.
Read Our Latest Analysis on Liberty Media Corporation – Liberty Formula One Series A
About Liberty Media Corporation – Liberty Formula One Series A
Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights.
The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.
Liberty Media acquired Formula 1 in 2017.
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