Liberty Media Formula One Series A (FWONA) Shares Bought by Markel Corp

Markel Corp raised its stake in Liberty Media Formula One Series A (NASDAQ:FWONA) by 4.6% during the third quarter, Holdings Channel reports. The institutional investor owned 229,500 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Markel Corp’s holdings in Liberty Media Formula One Series A were worth $8,166,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FWONA. Laurel Wealth Advisors Inc. purchased a new stake in shares of Liberty Media Formula One Series A in the 2nd quarter valued at $231,000. First Capital Advisors Group LLC. purchased a new stake in Liberty Media Formula One Series A during the 2nd quarter valued at $232,000. Legal & General Group Plc boosted its position in Liberty Media Formula One Series A by 108.3% during the 1st quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock valued at $194,000 after buying an additional 3,449 shares during the period. Ingalls & Snyder LLC boosted its position in Liberty Media Formula One Series A by 50.5% during the 3rd quarter. Ingalls & Snyder LLC now owns 14,287 shares of the company’s stock valued at $508,000 after buying an additional 4,793 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Liberty Media Formula One Series A during the 2nd quarter valued at $576,000. 10.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FWONA opened at $32.65 on Monday. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 26.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Media Formula One Series A has a twelve month low of $27.22 and a twelve month high of $37.93.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.53). The firm had revenue of $585.00 million for the quarter, compared to analysts’ expectations of $642.00 million. Liberty Media Formula One Series A had a net margin of 20.90% and a return on equity of 1.66%. As a group, equities research analysts forecast that Liberty Media Formula One Series A will post -0.41 EPS for the current fiscal year.

In other Liberty Media Formula One Series A news, insider Albert E. Rosenthaler sold 54,781 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $36.71, for a total value of $2,011,010.51. Following the completion of the transaction, the insider now directly owns 24,972 shares in the company, valued at approximately $916,722.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.68% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on FWONA. Zacks Investment Research raised shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research report on Thursday. 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. ValuEngine raised shares of Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Citigroup increased their price target on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.40.

Liberty Media Formula One Series A 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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Want to see what other hedge funds are holding FWONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Formula One Series A (NASDAQ:FWONA).

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

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