Liberty Media Corporation – Liberty Formula One Series A $FWONA Stock Position Reduced by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 90.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 674 shares of the company’s stock after selling 6,573 shares during the period. Sterling Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Madison Asset Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $131,567,000. Bank of New York Mellon Corp bought a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter valued at approximately $56,066,000. Principal Financial Group Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock valued at $118,593,000 after buying an additional 191,619 shares in the last quarter. Engineers Gate Manager LP grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% during the 2nd quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock valued at $15,271,000 after buying an additional 170,295 shares in the last quarter. Finally, Hawk Ridge Capital Management LP grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 47.3% during the 1st quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock valued at $34,472,000 after buying an additional 141,700 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FWONA. Guggenheim upped their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. Finally, Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $114.67.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 3.5%

Shares of NASDAQ:FWONA opened at $90.91 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $98.79. The company has a 50-day moving average price of $86.67 and a 200 day moving average price of $84.47. The company has a market cap of $22.77 billion, a price-to-earnings ratio of 133.68 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $954.37 million.

Liberty Media Corporation – Liberty Formula One Series A Profile

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.