7,349 Shares in Liberty Media Formula One Series A (NASDAQ:FWONA) Purchased by Williams Jones & Associates LLC

Williams Jones & Associates LLC purchased a new position in Liberty Media Formula One Series A (NASDAQ:FWONA) in the first quarter, HoldingsChannel reports. The firm purchased 7,349 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its position in shares of Liberty Media Formula One Series A by 85.2% in the 4th quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock valued at $66,000 after purchasing an additional 1,023 shares during the period. Strs Ohio acquired a new position in shares of Liberty Media Formula One Series A in the 4th quarter valued at approximately $298,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Media Formula One Series A in the 4th quarter valued at approximately $27,000. SG Americas Securities LLC grew its position in shares of Liberty Media Formula One Series A by 166.6% in the 4th quarter. SG Americas Securities LLC now owns 28,137 shares of the company’s stock valued at $836,000 after purchasing an additional 17,582 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Liberty Media Formula One Series A by 8.3% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,814 shares of the company’s stock valued at $1,362,000 after purchasing an additional 3,503 shares during the period. Institutional investors and hedge funds own 10.08% of the company’s stock.

Shares of Liberty Media Formula One Series A stock traded down $0.65 on Friday, reaching $35.56. 692 shares of the company were exchanged, compared to its average volume of 88,687. Liberty Media Formula One Series A has a one year low of $26.63 and a one year high of $38.43. The stock has a market cap of $8.28 billion, a P/E ratio of -54.46 and a beta of 1.01. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.60.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.09). Liberty Media Formula One Series A had a negative return on equity of 1.25% and a negative net margin of 14.34%. The company had revenue of $246.00 million for the quarter. On average, sell-side analysts expect that Liberty Media Formula One Series A will post -0.55 EPS for the current year.

Several equities research analysts have commented on the company. Evercore ISI assumed coverage on Liberty Media Formula One Series A in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $40.00 target price on the stock. TheStreet upgraded Liberty Media Formula One Series A from a “d+” rating to a “c” rating in a research note on Friday, May 17th. B. Riley upgraded Liberty Media Formula One Series A from a “neutral” rating to a “buy” rating and boosted their target price for the company from $35.00 to $46.00 in a research note on Thursday, May 16th. ValuEngine upgraded Liberty Media Formula One Series A from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. Finally, Macquarie restated a “buy” rating and issued a $43.00 target price on shares of Liberty Media Formula One Series A in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Liberty Media Formula One Series A presently has an average rating of “Buy” and an average target price of $41.29.

In other news, Director Andrea L. Wong sold 1,741 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total transaction of $46,153.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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

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