Gamco Investors INC. ET AL Reduces Stock Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Gamco Investors INC. ET AL reduced its position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,325 shares of the company’s stock after selling 11,072 shares during the period. Gamco Investors INC. ET AL’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $10,219,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FWONA. TD Private Client Wealth LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 196.2% during the 2nd quarter. Assetmark Inc. now owns 391 shares of the company’s stock worth $37,000 after buying an additional 259 shares during the last quarter. State of Wyoming purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at approximately $66,000. MAI Capital Management raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 76.2% during the 2nd quarter. MAI Capital Management now owns 821 shares of the company’s stock valued at $78,000 after buying an additional 355 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 19.0% in the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after acquiring an additional 143 shares during the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.2%

NASDAQ:FWONA opened at $77.43 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 company has a fifty day simple moving average of $81.82 and a two-hundred day simple moving average of $87.40. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 35.20 and a beta of 0.50.

Analyst Ratings Changes

Several brokerages recently weighed in on FWONA. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Benchmark reiterated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $108.00.

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

In related news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.97% of the company’s stock.

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.