Gabelli Funds LLC lowered its stake in Liberty Media Formula One Series A (NASDAQ:FWONA) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,450 shares of the company’s stock after selling 34,500 shares during the period. Gabelli Funds LLC owned 0.13% of Liberty Media Formula One Series A worth $10,512,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc increased its holdings in shares of Liberty Media Formula One Series A by 108.3% in the first quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock valued at $194,000 after purchasing an additional 3,449 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Liberty Media Formula One Series A by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,407 shares of the company’s stock valued at $3,016,000 after purchasing an additional 4,198 shares in the last quarter. First Capital Advisors Group LLC. boosted its stake in Liberty Media Formula One Series A by 69.0% in the third quarter. First Capital Advisors Group LLC. now owns 11,113 shares of the company’s stock valued at $395,000 after acquiring an additional 4,536 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in Liberty Media Formula One Series A by 50.5% in the third quarter. Ingalls & Snyder LLC now owns 14,287 shares of the company’s stock valued at $508,000 after acquiring an additional 4,793 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in Liberty Media Formula One Series A by 4.6% in the second quarter. Alps Advisors Inc. now owns 124,425 shares of the company’s stock valued at $4,393,000 after acquiring an additional 5,475 shares during the last quarter. 10.15% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on FWONA. ValuEngine raised shares of Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Zacks Investment Research cut shares of Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Macquarie reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Goldman Sachs Group began coverage on shares of Liberty Media Formula One Series A in a research note on Tuesday, October 9th. They issued a “hold” rating and a $39.00 price objective on the stock. Finally, Citigroup raised their price objective on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Liberty Media Formula One Series A has an average rating of “Hold” and an average price target of $38.40.

In other news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Media Formula One Series A stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $36.71, for a total transaction of $2,011,010.51. Following the transaction, the insider now directly owns 24,972 shares of the company’s stock, valued at $916,722.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al purchased 8,000 shares of Liberty Media Formula One Series A stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average cost of $25.89 per share, for a total transaction of $207,120.00. The disclosure for this purchase can be found here. 5.34% of the stock is currently owned by company insiders.

Shares of FWONA stock opened at $31.46 on Friday. Liberty Media Formula One Series A has a 52-week low of $27.22 and a 52-week high of $37.93. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 20.58 and a beta of 1.35. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.59.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.53). Liberty Media Formula One Series A had a net margin of 20.90% and a return on equity of 1.66%. The business had revenue of $585.00 million during the quarter, compared to the consensus estimate of $642.00 million. As a group, equities analysts anticipate that Liberty Media Formula One Series A will post -0.41 earnings per share for the current year.

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Liberty Media Formula One Series A Company Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

Featured Story: Liquidity

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

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