3,201 Shares in Liberty Media Formula One Series A (NASDAQ:FWONA) Purchased by Ancora Advisors LLC – Redmond Register


Ancora Advisors LLC purchased a new position in Liberty Media Formula One Series A (NASDAQ:FWONA) in the fourth quarter, HoldingsChannel reports. The fund purchased 3,201 shares of the company’s stock, valued at approximately $140,000.

Other hedge funds also recently added to or reduced their stakes in the company. Raab & Moskowitz Asset Management LLC purchased a new stake in Liberty Media Formula One Series A in the fourth quarter worth about $28,000. Barclays PLC grew its holdings in Liberty Media Formula One Series A by 4,251.9% in the fourth quarter. Barclays PLC now owns 1,175 shares of the company’s stock worth $51,000 after purchasing an additional 1,148 shares during the period. R.H. Dinel Investment Counsel Inc. purchased a new stake in Liberty Media Formula One Series A in the fourth quarter worth about $206,000. UBS Asset Management Americas Inc. grew its holdings in Liberty Media Formula One Series A by 2,955.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,766 shares of the company’s stock worth $209,000 after purchasing an additional 4,610 shares during the period. Finally, Utah Retirement Systems purchased a new stake in Liberty Media Formula One Series A in the fourth quarter worth about $211,000. 10.05% of the stock is owned by institutional investors.

In other news, Director Malcolm Ian Grant Gilchrist sold 1,484 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $33.86, for a total transaction of $50,248.24. Following the sale, the director now owns 482 shares in the company, valued at $16,320.52. The transaction was disclosed in a filing with the SEC, which is available at this link.

NASDAQ:FWONA opened at $22.13 on Wednesday. The company’s 50 day moving average price is $35.91 and its 200-day moving average price is $40.19. Liberty Media Formula One Series A has a 52 week low of $16.87 and a 52 week high of $46.52. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -16.51 and a beta of 0.95.

FWONA has been the topic of a number of recent research reports. Deutsche Bank cut their price objective on shares of Liberty Media Formula One Series A from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 18th. Citigroup cut their price objective on shares of Liberty Media Formula One Series A from $46.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $42.00.

Liberty Media Formula One Series A Profile

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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Want to see what other hedge funds are holding FWONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Formula One Series A (NASDAQ:FWONA).

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



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