Liberty Media Corporation – Liberty Formula One Series A $FWONA Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,056 shares of the company’s stock after acquiring an additional 177 shares during the quarter. QRG Capital Management Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $290,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 18,900 shares of the company’s stock valued at $1,795,000 after purchasing an additional 528 shares during the period. Signaturefd LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 11.4% during the 2nd quarter. Signaturefd LLC now owns 2,750 shares of the company’s stock valued at $261,000 after purchasing an additional 281 shares during the period. Plancorp LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at approximately $214,000. Cooper Investors PTY Ltd. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.0% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock valued at $4,935,000 after purchasing an additional 6,389 shares during the period. Finally, Longboard Asset Management LP bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at approximately $272,000. Institutional investors own 8.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday. Guggenheim raised their price objective on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has an average rating of “Moderate Buy” and an average target price of $103.00.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 5,651 shares of company stock valued at $572,250. 2.97% of the stock is currently owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA stock opened at $93.70 on Friday. The business has a fifty day moving average price of $91.65 and a 200 day moving average price of $88.06. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of 91.86 and a beta of 0.53.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.52 by $1.00. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series A 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.