Insider Buying: Liberty Media Formula One Series A (FWONA) Major Shareholder Purchases 8,000 Shares of Stock

Liberty Media Formula One Series A (NASDAQ:FWONA) major shareholder Gamco Investors, Inc. Et Al acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average price of $25.89 per share, for a total transaction of $207,120.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

FWONA stock opened at $31.46 on Friday. Liberty Media Formula One Series A has a twelve month low of $27.22 and a twelve month high of $37.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $7.49 billion, a PE ratio of 20.40 and a beta of 1.35.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.53). Liberty Media Formula One Series A had a return on equity of 1.66% and a net margin of 20.90%. The company had revenue of $585.00 million for the quarter, compared to analyst estimates of $642.00 million. On average, analysts anticipate that Liberty Media Formula One Series A will post -0.41 EPS for the current year.

A number of research firms have recently weighed in on FWONA. Zacks Investment Research downgraded shares of Liberty Media Formula One Series A from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Macquarie reissued a “buy” rating and set a $39.00 price target on shares of Liberty Media Formula One Series A in a research report on Sunday, August 12th. ValuEngine downgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Citigroup raised their price target on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Finally, Goldman Sachs Group began coverage on shares of Liberty Media Formula One Series A in a research report on Tuesday, October 9th. They set a “hold” rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.40.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Liberty Media Formula One Series A by 8.1% during the first quarter. BlackRock Inc. now owns 1,266,378 shares of the company’s stock worth $37,092,000 after buying an additional 94,542 shares in the last quarter. FMR LLC boosted its holdings in Liberty Media Formula One Series A by 52.4% in the second quarter. FMR LLC now owns 1,252,262 shares of the company’s stock worth $44,217,000 after purchasing an additional 430,621 shares during the period. Fairview Capital Investment Management LLC boosted its holdings in Liberty Media Formula One Series A by 6.0% in the third quarter. Fairview Capital Investment Management LLC now owns 1,165,915 shares of the company’s stock worth $41,483,000 after purchasing an additional 65,915 shares during the period. State of Wisconsin Investment Board boosted its holdings in Liberty Media Formula One Series A by 32.8% in the second quarter. State of Wisconsin Investment Board now owns 806,850 shares of the company’s stock worth $28,490,000 after purchasing an additional 199,101 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Liberty Media Formula One Series A by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 348,345 shares of the company’s stock worth $12,394,000 after purchasing an additional 75,874 shares during the period. 10.15% of the stock is owned by institutional investors and hedge funds.

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About Liberty Media Formula One Series A

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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