Liberty Media Formula One Series A (NASDAQ:FWONA) Insider Albert E. Rosenthaler Sells 3,398 Shares

Liberty Media Formula One Series A (NASDAQ:FWONA) insider Albert E. Rosenthaler sold 3,398 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $28.22, for a total transaction of $95,891.56. Following the transaction, the insider now directly owns 9,990 shares of the company’s stock, valued at approximately $281,917.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of FWONA traded down $0.93 during mid-day trading on Thursday, hitting $38.49. 92,802 shares of the company’s stock were exchanged, compared to its average volume of 110,083. The company has a market cap of $9.01 billion, a price-to-earnings ratio of -59.22 and a beta of 0.93. Liberty Media Formula One Series A has a fifty-two week low of $26.63 and a fifty-two week high of $39.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50-day moving average is $37.31 and its 200-day moving average is $35.50.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share (EPS) for the quarter. The business had revenue of $620.00 million for the quarter. Liberty Media Formula One Series A had a negative return on equity of 1.64% and a negative net margin of 18.41%. As a group, equities research analysts anticipate that Liberty Media Formula One Series A will post -0.55 EPS for the current year.

Several research analysts have weighed in on the stock. TheStreet raised shares of Liberty Media Formula One Series A from a “d+” rating to a “c” rating in a research note on Friday, May 17th. Evercore ISI assumed coverage on shares of Liberty Media Formula One Series A in a research report on Thursday, May 23rd. They set an “outperform” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. raised shares of Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $50.00 in a research report on Thursday, August 15th. Finally, B. Riley raised shares of Liberty Media Formula One Series A from a “neutral” rating to a “buy” rating and increased their price target for the stock from $35.00 to $46.00 in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $43.50.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Liberty Media Formula One Series A by 1.6% during the second quarter. Vanguard Group Inc. now owns 2,373,189 shares of the company’s stock worth $85,102,000 after acquiring an additional 37,865 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Liberty Media Formula One Series A by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 755,492 shares of the company’s stock worth $25,717,000 after acquiring an additional 2,109 shares during the last quarter. Norges Bank purchased a new position in shares of Liberty Media Formula One Series A during the fourth quarter worth approximately $21,120,000. Renaissance Technologies LLC grew its position in shares of Liberty Media Formula One Series A by 42.1% during the second quarter. Renaissance Technologies LLC now owns 380,225 shares of the company’s stock worth $13,635,000 after acquiring an additional 112,700 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Liberty Media Formula One Series A by 2.4% during the second quarter. JPMorgan Chase & Co. now owns 288,803 shares of the company’s stock worth $10,076,000 after acquiring an additional 6,827 shares during the last quarter. 10.00% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Insider Buying and Selling by Quarter for Liberty Media Formula One Series A (NASDAQ:FWONA)

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