California Public Employees Retirement System Grows Stake in Liberty Media Co. – Series A Liberty Formula One (FWONA)

California Public Employees Retirement System raised its position in Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) by 185.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 122,225 shares of the company’s stock after buying an additional 79,350 shares during the period. California Public Employees Retirement System owned about 0.05% of Liberty Media Co. – Series A Liberty Formula One worth $3,999,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can bought a new position in Liberty Media Co. – Series A Liberty Formula One during the third quarter worth about $105,000. The Manufacturers Life Insurance Company acquired a new stake in Liberty Media Co. – Series A Liberty Formula One during the second quarter worth approximately $105,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Liberty Media Co. – Series A Liberty Formula One in the third quarter valued at approximately $204,000. Voya Investment Management LLC acquired a new stake in shares of Liberty Media Co. – Series A Liberty Formula One in the second quarter valued at approximately $243,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Liberty Media Co. – Series A Liberty Formula One in the third quarter valued at approximately $253,000. 10.09% of the stock is currently owned by institutional investors.

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Several brokerages have commented on FWONA. Zacks Investment Research upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut shares of Liberty Media Co. – Series A Liberty Formula One from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Morgan Stanley raised shares of Liberty Media Co. – Series A Liberty Formula One from an “equal” rating to a “weight” rating in a research note on Tuesday, January 30th. Citigroup reaffirmed a “buy” rating and set a $44.00 price target on shares of Liberty Media Co. – Series A Liberty Formula One in a research report on Friday, December 22nd. Finally, FBN Securities upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a “sector perform” rating to a “buy” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.57.

NASDAQ FWONA traded down $0.52 on Friday, hitting $28.39. The stock had a trading volume of 243,906 shares, compared to its average volume of 271,467. Liberty Media Co. – Series A Liberty Formula One has a 52-week low of $27.22 and a 52-week high of $39.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $6,640.78, a PE ratio of 23.46 and a beta of 1.44.

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, March 1st. The company reported $1.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $2.03. The firm had revenue of $570.00 million for the quarter, compared to analysts’ expectations of $565.00 million. Liberty Media Co. – Series A Liberty Formula One had a net margin of 14.30% and a return on equity of 1.19%. research analysts anticipate that Liberty Media Co. – Series A Liberty Formula One will post -0.63 EPS for the current year.

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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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