Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Sold by Ruane Cunniff & Goldfarb L.P.

Ruane Cunniff & Goldfarb L.P. reduced its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 723,842 shares of the company’s stock after selling 15,038 shares during the period. Liberty Media Corporation – Liberty Formula One Series A makes up about 0.9% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 22nd largest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $56,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of 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 valued at $118,593,000 after acquiring an additional 191,619 shares during the period. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 4th quarter valued at about $90,433,000. Janus Henderson Group PLC boosted its stake in 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 valued at $88,981,000 after purchasing an additional 20,683 shares during the period. Sculptor Capital LP grew its position in Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock worth $71,220,000 after purchasing an additional 12,786 shares during the last quarter. Finally, Hawk Ridge Capital Management LP increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 47.3% in the first quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock valued at $34,472,000 after purchasing an additional 141,700 shares during the period. 8.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FWONA shares. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $110.00.

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

In other news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction 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 sale, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.63% of the company’s stock.

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

Liberty Media Corporation – Liberty Formula One Series A stock opened at $90.25 on Tuesday. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $99.52. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 41.40 and a beta of 0.50. The company’s 50-day moving average price is $85.77 and its two-hundred day moving average price is $82.25.

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.