Paloma Partners Management Co trimmed its stake in Liberty Media Co. (NASDAQ:FWONK) by 84.2% in the 4th quarter, HoldingsChannel reports. The fund owned 13,121 shares of the company’s stock after selling 69,823 shares during the quarter. Paloma Partners Management Co’s holdings in Liberty Media were worth $448,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FWONK. JPMorgan Chase & Co. increased its position in Liberty Media by 51.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 48,068 shares of the company’s stock valued at $1,828,000 after buying an additional 16,397 shares in the last quarter. Swiss National Bank increased its position in Liberty Media by 119.7% during the 4th quarter. Swiss National Bank now owns 743,200 shares of the company’s stock valued at $25,388,000 after buying an additional 404,967 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Liberty Media during the 4th quarter valued at about $425,000. Westpac Banking Corp acquired a new position in Liberty Media during the 4th quarter valued at about $441,000. Finally, State of Alaska Department of Revenue acquired a new position in Liberty Media during the 4th quarter valued at about $379,000. 86.19% of the stock is owned by hedge funds and other institutional investors.
FWONK stock opened at $30.53 on Friday. The firm has a market capitalization of $7,007.79, a PE ratio of 32.30 and a beta of 1.45. Liberty Media Co. has a 1-year low of $30.14 and a 1-year high of $41.14.
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Liberty Media Company Profile
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
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