Rokos Capital Management LLP Invests $3.02 Million in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Rokos Capital Management LLP acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the first quarter, HoldingsChannel reports. The firm acquired 38,600 shares of the company’s stock, valued at approximately $3,015,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in 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 period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 purchasing an additional 125 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after purchasing an additional 371 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after purchasing an additional 209 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $66,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

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

In related 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 transaction of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chase Carey sold 100,000 shares of the firm’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 sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in 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 Wednesday, June 24th. 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. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $110.00.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.3%

Shares of NASDAQ:FWONA opened at $90.25 on Tuesday. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 41.40 and a beta of 0.50. The company has a 50 day moving average of $85.77 and a two-hundred day moving average of $82.25. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A 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.