Alps Advisors Inc. lifted its position in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,425 shares of the company’s stock after buying an additional 5,475 shares during the quarter. Alps Advisors Inc.’s holdings in Liberty Media Formula One Series A were worth $4,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Liberty Media Formula One Series A during the first quarter worth about $120,000. First Capital Advisors Group LLC. purchased a new stake in shares of Liberty Media Formula One Series A during the second quarter worth about $232,000. Legal & General Group Plc grew its holdings in shares of Liberty Media Formula One Series A by 108.3% during the first quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock worth $194,000 after buying an additional 3,449 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Liberty Media Formula One Series A during the first quarter worth about $457,000. Finally, Aperio Group LLC grew its holdings in shares of Liberty Media Formula One Series A by 67.4% during the second quarter. Aperio Group LLC now owns 17,984 shares of the company’s stock worth $635,000 after buying an additional 7,243 shares in the last quarter. Institutional investors and hedge funds own 10.16% of the company’s stock.

In related news, insider Albert E. Rosenthaler sold 54,781 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $36.71, for a total value of $2,011,010.51. Following the completion of the sale, the insider now directly owns 24,972 shares in the company, valued at $916,722.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David E. Rapley sold 6,827 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $46.28, for a total transaction of $315,953.56. Following the completion of the sale, the director now owns 6,593 shares of the company’s stock, valued at $305,124.04. The disclosure for this sale can be found here. 5.34% of the stock is currently owned by insiders.

A number of brokerages have recently commented on FWONA. ValuEngine downgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “strong sell” rating in a report on Monday, August 20th. Macquarie reiterated a “buy” rating and set a $39.00 price target on shares of Liberty Media Formula One Series A in a report on Sunday, August 12th. Citigroup lifted their price target on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, Zacks Investment Research downgraded shares of Liberty Media Formula One Series A from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.33.

Liberty Media Formula One Series A stock opened at $35.07 on Friday. Liberty Media Formula One Series A has a 1 year low of $27.22 and a 1 year high of $39.37. The company has a market capitalization of $8.07 billion, a P/E ratio of 28.98 and a beta of 1.33. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.59.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its earnings results on Wednesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.53). Liberty Media Formula One Series A had a net margin of 20.90% and a return on equity of 1.66%. The company had revenue of $585.00 million during the quarter, compared to analysts’ expectations of $642.00 million. research analysts predict that Liberty Media Formula One Series A will post 0.36 earnings per share for the current year.

About Liberty Media Formula One Series A

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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Institutional Ownership by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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