AlphaQuest LLC Buys 10,610 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

AlphaQuest LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 380.4% during the second quarter, Holdings Channel.com reports. The fund owned 13,399 shares of the company’s stock after acquiring an additional 10,610 shares during the period. AlphaQuest LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $1,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.3% during the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock worth $9,381,000 after purchasing an additional 2,625 shares in the last quarter. S&CO Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the first quarter. S&CO Inc. now owns 67,554 shares of the company’s stock worth $5,503,000 after purchasing an additional 660 shares during the period. Bank of New York Mellon Corp grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock worth $4,835,000 after buying an additional 1,300 shares in the last quarter. Cooper Investors PTY Ltd. increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 14.0% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock valued at $4,935,000 after buying an additional 6,389 shares during the period. Finally, Credit Industriel ET Commercial acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at approximately $3,256,000. 8.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on FWONA shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Saturday. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Guggenheim boosted their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the sale, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 5,651 shares of company stock worth $572,250 over the last quarter. Company insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

NASDAQ FWONA opened at $87.50 on Friday. The firm’s fifty day moving average price is $92.42 and its two-hundred day moving average price is $89.06. The stock has a market cap of $21.83 billion, a PE ratio of 85.79 and a beta of 0.53. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $1.00. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series A

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.