Janus Henderson Group PLC Acquires 10,603 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Janus Henderson Group PLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,006,144 shares of the company’s stock after buying an additional 10,603 shares during the quarter. Janus Henderson Group PLC owned approximately 0.40% of Liberty Media Corporation – Liberty Formula One Series A worth $78,560,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FWONA. Principal Financial Group Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock worth $118,593,000 after acquiring an additional 191,619 shares in the last quarter. Norges Bank bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter valued at approximately $90,433,000. Sculptor Capital LP lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after purchasing an additional 12,786 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after purchasing an additional 7,113 shares during the last quarter. Finally, Hawk Ridge Capital Management LP boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 47.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock worth $34,472,000 after purchasing an additional 141,700 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 2.4%

Shares of FWONA opened at $89.81 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The company has a market capitalization of $22.50 billion, a P/E ratio of 41.20 and a beta of 0.50. The firm has a 50 day moving average of $86.54 and a 200 day moving average of $82.49.

Analyst Upgrades and Downgrades

FWONA has been the topic of several recent research reports. Citizens Jmp restated 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 research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th. Zacks Research raised 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. Finally, Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $110.00.

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

In other news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was 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 $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.63% 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.