SG Americas Securities LLC Invests $627,000 in Liberty Media Corporation – Liberty Formula One Series A $FWONA

SG Americas Securities LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,588 shares of the company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FWONA. Assetmark Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 196.2% during the second quarter. Assetmark Inc. now owns 391 shares of the company’s stock worth $37,000 after acquiring an additional 259 shares during the last quarter. State of Wyoming purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth approximately $66,000. MAI Capital Management increased its position in shares of 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 acquiring an additional 355 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 18.3% in the second quarter. California State Teachers Retirement System now owns 1,431 shares of the company’s stock worth $136,000 after acquiring an additional 221 shares in the last quarter. Finally, Paradice Investment Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FWONA. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Benchmark restated 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 research report on Monday, December 29th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $80.43 on Friday. 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 company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 103.12 and a beta of 0.54. The firm’s fifty day moving average price is $86.17 and its 200 day moving average price is $89.74.

Insider Activity

In other news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the sale, the insider directly owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 368,363 shares of company stock valued at $36,650,423 over the last 90 days. Insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company 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.