Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,900 shares of the company’s stock after purchasing an additional 528 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $1,795,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FWONA. Russell Investments Group Ltd. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 28.9% in the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock worth $69,000 after purchasing an additional 191 shares during the period. Quantbot Technologies LP lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 61.6% in the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock worth $196,000 after purchasing an additional 916 shares during the period. Plancorp LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $214,000. Signaturefd LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 11.4% in the second quarter. Signaturefd LLC now owns 2,750 shares of the company’s stock worth $261,000 after purchasing an additional 281 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $272,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FWONA shares. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday. Finally, Guggenheim upped their price target 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 report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 5,651 shares of company stock valued at $572,250. 2.97% of the stock is owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 1.7%

NASDAQ FWONA opened at $93.70 on Friday. The stock’s 50-day moving average price is $91.65 and its two-hundred day moving average price is $88.06. The company has a market cap of $23.37 billion, a PE ratio of 91.86 and a beta of 0.53. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (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 forecast that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series A Company 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.