Ethic Inc. Takes $426,000 Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Ethic Inc. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,461 shares of the company’s stock, valued at approximately $426,000.

A number of other institutional investors also recently made changes to their positions in FWONA. Bank of New York Mellon Corp boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock valued at $4,835,000 after purchasing an additional 1,300 shares in the last quarter. S&CO Inc. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the 1st quarter. S&CO Inc. now owns 67,554 shares of the company’s stock valued at $5,503,000 after buying an additional 660 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 28.9% during the 1st quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock valued at $69,000 after buying an additional 191 shares during the last quarter. Quantbot Technologies LP raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 61.6% during the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock valued at $196,000 after buying an additional 916 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 2.3% during the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock valued at $9,381,000 after buying an additional 2,625 shares during the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Insider Activity

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 5,651 shares of company stock valued at $572,250. 2.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FWONA. Zacks Research lowered shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 0.5%

NASDAQ:FWONA opened at $87.81 on Thursday. The company has a 50-day moving average price of $92.25 and a 200-day moving average price of $89.49. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $68.00 and a 12 month high of $99.52. The stock has a market cap of $21.90 billion, a price-to-earnings ratio of 86.09 and a beta of 0.53.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.52 by $1.00. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Equities 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 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.