Liberty Media Corporation – Liberty Formula One Series A $FWONA Stock Holdings Increased by Credit Industriel ET Commercial

Credit Industriel ET Commercial grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 35.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,411 shares of the company’s stock after buying an additional 12,122 shares during the period. Credit Industriel ET Commercial’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $4,419,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth $96,078,000. Principal Financial Group Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.6% during the third quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock worth $94,234,000 after purchasing an additional 102,586 shares during the period. Highbridge Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 27.8% in the 2nd quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after buying an additional 79,413 shares during the period. Cooper Investors PTY Ltd. grew its position in shares of 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 valued at $10,758,000 after buying an additional 61,011 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth about $3,530,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA stock opened at $78.33 on Monday. The firm has a market capitalization of $19.59 billion, a PE ratio of 100.42 and a beta of 0.55. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52. The stock has a fifty day moving average of $83.80 and a two-hundred day moving average of $88.21.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FWONA. Sanford C. Bernstein upgraded 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. Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.00.

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

In other news, Director Chase Carey sold 83,536 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.97% of the company’s stock.

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.