ArrowMark Colorado Holdings LLC Sells 17,899 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

ArrowMark Colorado Holdings LLC lowered its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 44.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,825 shares of the company’s stock after selling 17,899 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $2,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 4.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,708 shares of the company’s stock worth $352,000 after purchasing an additional 160 shares in the last quarter. Creative Planning boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 73.9% during the 2nd quarter. Creative Planning now owns 32,408 shares of the company’s stock valued at $3,077,000 after purchasing an additional 13,768 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at about $345,000. Highbridge Capital Management LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 27.8% during the second 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. Finally, MAI Capital Management raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 76.2% in the second quarter. MAI Capital Management now owns 821 shares of the company’s stock worth $78,000 after buying an additional 355 shares in the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $76.47 on Monday. The stock has a market cap of $19.12 billion, a PE ratio of 34.76 and a beta of 0.50. 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 firm’s 50-day simple moving average is $80.61 and its two-hundred day simple moving average is $86.88.

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

In related news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on FWONA shares. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Benchmark reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Two equities research 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. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $108.00.

Liberty Media Corporation – Liberty Formula One Series A Profile

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.