Liberty Media Formula One Series A (NASDAQ:FWONA) CEO Gregory B. Maffei sold 122,799 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $47.09, for a total transaction of $5,782,604.91. Following the completion of the sale, the chief executive officer now directly owns 678,081 shares in the company, valued at $31,930,834.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ FWONA traded down $0.29 during mid-day trading on Wednesday, reaching $41.92. The company had a trading volume of 279,203 shares, compared to its average volume of 100,053. The business’s 50-day moving average is $40.55 and its 200-day moving average is $38.45. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of -64.49 and a beta of 0.91. Liberty Media Formula One Series A has a 52 week low of $26.63 and a 52 week high of $43.51.
A number of hedge funds have recently bought and sold shares of the stock. Shufro Rose & Co. LLC bought a new stake in Liberty Media Formula One Series A during the 3rd quarter valued at $48,000. Massey Quick Simon & CO. LLC bought a new position in shares of Liberty Media Formula One Series A during the 3rd quarter worth $51,000. Quadrant Capital Group LLC increased its stake in shares of Liberty Media Formula One Series A by 17,937.5% during the third quarter. Quadrant Capital Group LLC now owns 1,443 shares of the company’s stock valued at $56,000 after buying an additional 1,435 shares during the period. US Bancorp DE lifted its stake in Liberty Media Formula One Series A by 62.7% in the second quarter. US Bancorp DE now owns 1,754 shares of the company’s stock worth $63,000 after acquiring an additional 676 shares during the period. Finally, Pathstone Family Office LLC lifted its stake in Liberty Media Formula One Series A by 562.9% in the second quarter. Pathstone Family Office LLC now owns 2,718 shares of the company’s stock worth $97,000 after acquiring an additional 2,308 shares during the period. 9.67% of the stock is currently owned by institutional investors.
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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