Hawk Ridge Capital Management LP Has $34.47 Million Stock Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Hawk Ridge Capital Management LP boosted its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 47.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,500 shares of the company’s stock after purchasing an additional 141,700 shares during the quarter. Hawk Ridge Capital Management LP’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $34,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock worth $118,593,000 after buying an additional 191,619 shares in the last quarter. Norges Bank acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 4th quarter valued at approximately $90,433,000. Janus Henderson Group PLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock worth $88,981,000 after acquiring an additional 20,683 shares during the period. Sculptor Capital LP boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after acquiring an additional 12,786 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after acquiring an additional 7,113 shares during the last quarter. Institutional investors own 8.38% of the company’s stock.

Insider Activity

In other news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This represents a 42.66% decrease in their position. The SEC filing for this sale provides additional information. 0.63% of the stock is currently owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.3%

Shares of FWONA stock opened at $90.25 on Tuesday. The firm has a market capitalization of $22.61 billion, a P/E ratio of 41.40 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The stock’s fifty day simple moving average is $85.77 and its 200 day simple moving average is $82.25.

Analysts Set New Price Targets

FWONA has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Thursday, July 2nd. Finally, Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A currently has an average rating of “Buy” and a consensus price target of $110.00.

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.