Trust Co. of Vermont Buys New Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Trust Co. of Vermont bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the 2nd quarter, HoldingsChannel reports. The firm bought 18,060 shares of the company’s stock, valued at approximately $1,718,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth approximately $4,033,000. S&CO Inc. purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at $5,624,000. Handelsbanken Fonder AB bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth $595,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock worth $118,000 after acquiring an additional 272 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock worth $78,560,000 after acquiring an additional 10,603 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Insiders Place Their Bets

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

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

NASDAQ FWONA opened at $93.21 on Wednesday. The stock has a market cap of $23.35 billion, a P/E ratio of 137.07 and a beta of 0.49. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52. The stock has a 50 day simple moving average of $89.05 and a two-hundred day simple moving average of $83.39.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FWONA shares. Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Guggenheim raised their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Finally, Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has a consensus rating of “Buy” and a consensus price target of $114.67.

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.