First Manhattan Co. lessened its holdings in Liberty Media Formula One Series A (NASDAQ:FWONA) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,746 shares of the company’s stock after selling 1,754 shares during the quarter. First Manhattan Co.’s holdings in Liberty Media Formula One Series A were worth $2,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FWONA. Schwab Charles Investment Management Inc. raised its holdings in Liberty Media Formula One Series A by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,407 shares of the company’s stock worth $3,016,000 after purchasing an additional 4,198 shares during the last quarter. Legal & General Group Plc raised its holdings in Liberty Media Formula One Series A by 88.7% during the 2nd quarter. Legal & General Group Plc now owns 12,518 shares of the company’s stock worth $442,000 after purchasing an additional 5,883 shares during the last quarter. Northern Trust Corp increased its stake in shares of Liberty Media Formula One Series A by 5.7% in the 2nd quarter. Northern Trust Corp now owns 195,034 shares of the company’s stock valued at $6,886,000 after acquiring an additional 10,475 shares in the last quarter. Ingalls & Snyder LLC increased its stake in shares of Liberty Media Formula One Series A by 50.5% in the 3rd 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 in the last quarter. Finally, First Capital Advisors Group LLC. increased its stake in shares of Liberty Media Formula One Series A by 69.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

In related news, major shareholder Art L.P. Ancient purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were purchased at an average cost of $29.88 per share, for a total transaction of $747,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory B. Maffei purchased 3,500 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were bought at an average price of $30.29 per share, for a total transaction of $106,015.00. Following the completion of the transaction, the chief executive officer now owns 380,219 shares of the company’s stock, valued at $11,516,833.51. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 43,900 shares of company stock worth $1,242,331. Company insiders own 4.68% of the company’s stock.

Shares of NASDAQ:FWONA opened at $30.82 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.12 billion, a P/E ratio of 15.89 and a beta of 0.99. Liberty Media Formula One Series A has a fifty-two week low of $26.63 and a fifty-two week high of $37.32.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Liberty Media Formula One Series A had a net margin of 23.43% and a return on equity of 2.00%. The firm had revenue of $647.00 million during the quarter, compared to the consensus estimate of $690.00 million. On average, analysts expect that Liberty Media Formula One Series A will post -0.38 EPS for the current year.

Several research firms have recently weighed in on FWONA. 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 for the company. Zacks Investment Research upgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine upgraded shares of Liberty Media Formula One Series A from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Finally, Pivotal Research reiterated a “buy” rating and issued a $49.00 price objective on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.00.

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Liberty Media Formula One Series A 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.

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

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