Gamco Investors INC. ET AL Sells 17,834 Shares of Liberty Media Formula One Series A (NASDAQ:FWONA)

Gamco Investors INC. ET AL lessened its stake in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 13.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,022 shares of the company’s stock after selling 17,834 shares during the period. Gamco Investors INC. ET AL’s holdings in Liberty Media Formula One Series A were worth $4,125,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FWONA. The Manufacturers Life Insurance Company increased its holdings in Liberty Media Formula One Series A by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 755,492 shares of the company’s stock valued at $25,717,000 after purchasing an additional 2,109 shares during the period. Norges Bank acquired a new stake in shares of Liberty Media Formula One Series A in the 4th quarter valued at about $21,120,000. Eidelman Virant Capital bought a new position in Liberty Media Formula One Series A in the 2nd quarter valued at about $5,879,000. Dimensional Fund Advisors LP lifted its position in Liberty Media Formula One Series A by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,789 shares of the company’s stock valued at $4,214,000 after acquiring an additional 773 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Liberty Media Formula One Series A by 17.2% in the 1st quarter. Raymond James & Associates now owns 122,726 shares of the company’s stock valued at $4,178,000 after acquiring an additional 18,004 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Several brokerages recently weighed in on FWONA. Evercore ISI began coverage on shares of Liberty Media Formula One Series A in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and raised their price target for the company from $38.00 to $50.00 in a research report on Thursday, August 15th. Finally, TheStreet raised shares of Liberty Media Formula One Series A from a “d+” rating to a “c” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.50.

Shares of FWONA stock opened at $40.26 on Friday. The company has a 50 day moving average of $38.65 and a 200-day moving average of $36.44. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Liberty Media Formula One Series A has a 12-month low of $26.63 and a 12-month high of $40.81. The firm has a market cap of $9.12 billion, a P/E ratio of -61.94 and a beta of 0.91.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter. Liberty Media Formula One Series A had a negative return on equity of 1.64% and a negative net margin of 18.41%. The company had revenue of $620.00 million for the quarter.

In related news, insider Albert E. Rosenthaler sold 3,398 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total value of $95,891.56. Following the completion of the transaction, the insider now directly owns 9,990 shares in the company, valued at approximately $281,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Media Formula One Series A Company Profile

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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