Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 23.7% in the first quarter, Holdings Channel.com reports. The firm owned 347,122 shares of the company’s stock after acquiring an additional 66,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $27,103,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. M&T Bank Corp grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 848.4% during the 4th quarter. M&T Bank Corp now owns 32,880 shares of the company’s stock valued at $2,939,000 after buying an additional 29,413 shares during the period. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 34.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock valued at $118,630,000 after acquiring an additional 337,607 shares during the last quarter. Deltroit Asset Management UK LLP acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the fourth quarter valued at $4,609,000. Gabelli Funds LLC grew its position in Liberty Media Corporation – Liberty Formula One Series A by 13.8% during the first quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock valued at $11,532,000 after acquiring an additional 17,950 shares during the period. Finally, Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter worth about $90,433,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $93.50 on Thursday. The firm has a market cap of $23.42 billion, a P/E ratio of 42.89 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $99.52. The stock has a 50-day simple moving average of $86.19 and a 200-day simple moving average of $82.37.

Wall Street Analyst Weigh In

FWONA has been the topic of several research reports. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Finally, Citizens Jmp restated 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 report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Buy” and an average target price of $110.00.

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

In other news, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.63% of the stock is owned by company insiders.

About Liberty Media Corporation – Liberty Formula One Series A

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.