Credit Industriel ET Commercial Takes $3.26 Million Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Credit Industriel ET Commercial bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) during the second quarter, HoldingsChannel reports. The firm bought 34,289 shares of the company’s stock, valued at approximately $3,256,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FWONA. Strs Ohio acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 1st quarter valued at approximately $2,232,000. AlphaQuest LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 380.4% during the second quarter. AlphaQuest LLC now owns 13,399 shares of the company’s stock valued at $1,272,000 after purchasing an additional 10,610 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $793,000. Board of the Pension Protection Fund raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 72.3% in the second quarter. Board of the Pension Protection Fund now owns 16,200 shares of the company’s stock valued at $1,538,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Cooper Investors PTY Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 14.0% in the second quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock worth $4,935,000 after purchasing an additional 6,389 shares during the period. 8.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FWONA has been the subject of a number of recent research reports. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Guggenheim upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has an average rating of “Moderate Buy” and an average target price of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 1.6%

NASDAQ:FWONA opened at $92.25 on Friday. The stock has a 50-day moving average price of $92.35 and a two-hundred day moving average price of $90.24. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52. The stock has a market cap of $23.01 billion, a price-to-earnings ratio of 118.27 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $1.00. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 5,651 shares of company stock worth $572,250. Insiders own 2.97% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.