Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Wealth Enhancement Advisory Services LLC cut its holdings in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 49.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,494 shares of the company’s stock after selling 10,365 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $1,028,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FWONA. Janney Montgomery Scott LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the second quarter. Janney Montgomery Scott LLC now owns 18,900 shares of the company’s stock valued at $1,795,000 after purchasing an additional 528 shares during the period. QRG Capital Management Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 6.1% in the 2nd quarter. QRG Capital Management Inc. now owns 3,056 shares of the company’s stock worth $290,000 after buying an additional 177 shares during the last quarter. Callan Family Office LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $432,000. Board of the Pension Protection Fund grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 72.3% in the 2nd quarter. Board of the Pension Protection Fund now owns 16,200 shares of the company’s stock valued at $1,538,000 after buying an additional 6,800 shares during the period. Finally, Credit Industriel ET Commercial acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at about $3,256,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Trading Down 0.9%

Shares of NASDAQ FWONA opened at $78.97 on Tuesday. The stock has a fifty day moving average price of $85.22 and a 200 day moving average price of $89.13. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $68.00 and a 12-month high of $99.52. The company has a market cap of $19.75 billion, a P/E ratio of 101.24 and a beta of 0.55.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FWONA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. 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. Finally, Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insider Activity

In other news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Renee L. Wilm sold 11,200 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider directly owned 21,037 shares in the company, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 368,363 shares of company stock worth $36,650,423. Company insiders own 2.97% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.