Mangrove Partners IM LLC Makes New $1.01 Million Investment in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Mangrove Partners IM LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) during the fourth quarter, Holdings Channel reports. The fund bought 11,243 shares of the company’s stock, valued at approximately $1,005,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock worth $937,000 after acquiring an additional 120 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after acquiring an additional 143 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after acquiring an additional 209 shares during the last quarter. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.6%

NASDAQ:FWONA opened at $82.73 on Wednesday. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 37.95 and a beta of 0.52. The firm has a fifty day simple moving average of $82.11 and a two-hundred day simple moving average of $82.06. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FWONA shares. Citizens Jmp started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They set a “market outperform” rating and a $100.00 target price on the stock. Citigroup upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $103.33.

Liberty Media Corporation – Liberty Formula One Series A Company 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.