Liberty Media Co. – Series A Liberty Formula One (FWONA) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,972 shares of the company’s stock after acquiring an additional 4,880 shares during the period. Bank of New York Mellon Corp’s holdings in Liberty Media Co. – Series A Liberty Formula One were worth $3,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FWONA. First Trust Advisors LP boosted its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 0.9% during the 3rd quarter. First Trust Advisors LP now owns 166,747 shares of the company’s stock worth $6,085,000 after buying an additional 1,567 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Liberty Media Co. – Series A Liberty Formula One by 6.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 30,206 shares of the company’s stock valued at $1,102,000 after purchasing an additional 1,920 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Liberty Media Co. – Series A Liberty Formula One in the 2nd quarter valued at about $105,000. Legal & General Group Plc bought a new stake in Liberty Media Co. – Series A Liberty Formula One in the 2nd quarter valued at about $109,000. Finally, Howard Hughes Medical Institute bought a new stake in Liberty Media Co. – Series A Liberty Formula One in the 2nd quarter valued at about $132,000. 9.84% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on FWONA shares. FBN Securities upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a “sector perform” rating to a “buy” rating in a research report on Monday, December 11th. Citigroup reiterated a “buy” rating and set a $44.00 price objective on shares of Liberty Media Co. – Series A Liberty Formula One in a research report on Friday, December 22nd. B. Riley boosted their target price on shares of Liberty Media Co. – Series A Liberty Formula One from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, November 14th. Macquarie reissued a “buy” rating and set a $45.00 target price on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Thursday, October 5th. Finally, FBR & Co reissued a “hold” rating on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Liberty Media Co. – Series A Liberty Formula One has an average rating of “Buy” and a consensus price target of $40.00.

Shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) opened at $32.57 on Friday. Liberty Media Co. – Series A Liberty Formula One has a 1-year low of $27.63 and a 1-year high of $39.37. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63. The stock has a market cap of $817.71 and a PE ratio of -85.29.

In other Liberty Media Co. – Series A Liberty Formula One news, Chairman John C. Malone sold 18,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $43.28, for a total transaction of $779,040.00. Following the completion of the transaction, the chairman now owns 14,523,102 shares in the company, valued at $628,559,854.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. Following the transaction, the director now owns 8,127 shares of the company’s stock, valued at approximately $321,910.47. The disclosure for this sale can be found here. Company insiders own 5.34% of the company’s stock.

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Liberty Media Co. – Series A Liberty Formula One Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

Institutional Ownership by Quarter for Liberty Media Co. - Series A Liberty Formula One (NASDAQ:FWONA)

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