Credit Industriel ET Commercial Buys Shares of 34,289 Liberty Media Corporation – Liberty Formula One Series A $FWONA

Credit Industriel ET Commercial purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 34,289 shares of the company’s stock, valued at approximately $3,256,000.

Several other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its position 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 valued at $4,835,000 after acquiring an additional 1,300 shares in the last quarter. S&CO Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the 1st 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 last quarter. Russell Investments Group Ltd. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 28.9% during the 1st quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 191 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 61.6% in the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock valued at $196,000 after purchasing an additional 916 shares during the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.3% in the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock valued at $9,381,000 after purchasing an additional 2,625 shares during the last quarter. Institutional investors own 8.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, October 8th. Zacks Research lowered 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 raised their price objective on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director owned 1,781 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 5,651 shares of company stock valued at $572,250 over the last three months. 2.97% of the stock is currently owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $92.25 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $68.00 and a 52 week high of $99.52. The firm has a market capitalization of $23.01 billion, a PE ratio of 118.27 and a beta of 0.52. The business’s 50-day simple moving average is $92.35 and its 200-day simple moving average is $90.24.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $1.00. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Research analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current 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.