Bamco Inc. NY Has $30.26 Million Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Bamco Inc. NY lessened its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 317,764 shares of the company’s stock after selling 15,553 shares during the period. Bamco Inc. NY owned 0.13% of Liberty Media Corporation – Liberty Formula One Series A worth $30,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cooper Investors PTY Ltd. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 117.4% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock worth $10,758,000 after acquiring an additional 61,011 shares during the last quarter. Principal Financial Group Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock valued at $94,234,000 after acquiring an additional 102,586 shares in the last quarter. GAM Holding AG bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the third quarter worth about $1,608,000. Norges Bank bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $96,078,000. Finally, Capula Management Ltd lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 81.2% during the second quarter. Capula Management Ltd now owns 28,284 shares of the company’s stock worth $2,686,000 after purchasing an additional 12,671 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.97% of the stock is currently owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of NASDAQ:FWONA opened at $76.47 on Monday. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 34.76 and a beta of 0.50. The company has a 50 day moving average of $80.61 and a 200-day moving average of $86.88. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52.

Analyst Upgrades and Downgrades

FWONA has been the topic of several research analyst reports. Benchmark reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, December 29th. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $108.00.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.