Liberty Media Formula One Series A (FWONA) Position Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its holdings in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,407 shares of the company’s stock after buying an additional 4,198 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Liberty Media Formula One Series A were worth $3,016,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC lifted its holdings in Liberty Media Formula One Series A by 67.4% in the second quarter. Aperio Group LLC now owns 17,984 shares of the company’s stock valued at $635,000 after acquiring an additional 7,243 shares during the period. BlackRock Inc. lifted its holdings in Liberty Media Formula One Series A by 8.1% in the first quarter. BlackRock Inc. now owns 1,266,378 shares of the company’s stock valued at $37,092,000 after acquiring an additional 94,542 shares during the period. Legal & General Group Plc lifted its holdings in 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 acquiring an additional 3,449 shares during the period. First Capital Advisors Group LLC. bought a new position in Liberty Media Formula One Series A in the second quarter valued at about $232,000. Finally, Markel Corp lifted its holdings in Liberty Media Formula One Series A by 17.7% in the second quarter. Markel Corp now owns 219,500 shares of the company’s stock valued at $7,751,000 after acquiring an additional 33,000 shares during the period. 10.15% of the stock is currently owned by institutional investors.

NASDAQ FWONA opened at $33.52 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.36 and a current ratio of 0.36. Liberty Media Formula One Series A has a 52 week low of $27.22 and a 52 week high of $39.37. The stock has a market capitalization of $8.22 billion, a PE ratio of 27.70 and a beta of 1.30.

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

In other news, insider Albert E. Rosenthaler sold 54,781 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. Following the transaction, the insider now owns 24,972 shares of the company’s stock, valued at $916,722.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.68% of the stock is owned by company insiders.

A number of research analysts have weighed in on FWONA shares. ValuEngine raised Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a report on Saturday, June 16th. Zacks Investment Research downgraded Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Citigroup increased their target price on Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Finally, Macquarie reissued a “buy” rating and issued a $39.00 target price on shares of Liberty Media Formula One Series A in a report on Sunday, August 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Liberty Media Formula One Series A presently has an average rating of “Hold” and an average price target of $38.25.

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.

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

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