Highbridge Capital Management LLC Trims Stock Position in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Highbridge Capital Management LLC lowered its position in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 30.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 227,221 shares of the company’s stock after selling 97,422 shares during the period. Highbridge Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $20,309,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock valued at $937,000 after acquiring an additional 120 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after acquiring an additional 143 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Wall Street Analysts Forecast Growth

FWONA has been the subject of a number of research reports. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Citigroup boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Citizens Jmp initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They issued a “market outperform” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

FWONA stock opened at $80.94 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The stock has a market cap of $20.27 billion, a PE ratio of 37.13 and a beta of 0.52. The firm has a 50 day simple moving average of $81.53 and a two-hundred day simple moving average of $82.31.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.