Formula One Group (NASDAQ:FWONA) Major Shareholder Acquires $140,100.00 in Stock

Formula One Group (NASDAQ:FWONAGet Rating) major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The stock was purchased at an average cost of $28.02 per share, with a total value of $140,100.00. Following the acquisition, the insider now owns 5,000 shares in the company, valued at approximately $140,100. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

  • On Tuesday, April 12th, Gamco Investors, Inc. Et Al purchased 5,000 shares of Formula One Group stock. The shares were bought at an average price of $27.12 per share, for a total transaction of $135,600.00.

Shares of NASDAQ FWONA traded up $0.98 during midday trading on Thursday, hitting $63.26. 2,530 shares of the company’s stock were exchanged, compared to its average volume of 146,664. Formula One Group has a 12-month low of $37.80 and a 12-month high of $64.21. The company has a market cap of $14.62 billion, a price-to-earnings ratio of -78.10 and a beta of 1.21. The business’s fifty day moving average price is $58.27 and its two-hundred day moving average price is $56.05. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.86.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY bought a new stake in Formula One Group during the fourth quarter worth about $28,000. Janney Montgomery Scott LLC purchased a new stake in Formula One Group during the fourth quarter valued at approximately $279,000. New York State Common Retirement Fund increased its stake in shares of Formula One Group by 7.5% in the fourth quarter. New York State Common Retirement Fund now owns 28,893 shares of the company’s stock worth $1,715,000 after purchasing an additional 2,007 shares in the last quarter. Strs Ohio increased its stake in shares of Formula One Group by 1.4% in the fourth quarter. Strs Ohio now owns 34,534 shares of the company’s stock worth $2,049,000 after purchasing an additional 480 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Formula One Group by 9.1% during the fourth quarter. Parametric Portfolio Associates LLC now owns 38,948 shares of the company’s stock worth $2,311,000 after acquiring an additional 3,258 shares during the last quarter. Hedge funds and other institutional investors own 9.26% of the company’s stock.

About Formula One Group (Get Rating)

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the 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.

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