Insider Buying: Liberty Media Formula One Series A (NASDAQ:FWONA) Major Shareholder Acquires 1,000 Shares of Stock – Fairfield Current


Liberty Media Formula One Series A (NASDAQ:FWONA) major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was bought at an average price of $24.82 per share, for a total transaction of $24,820.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

  • On Tuesday, November 27th, Gamco Investors, Inc. Et Al purchased 6,400 shares of Liberty Media Formula One Series A stock. The stock was acquired at an average cost of $24.59 per share, with a total value of $157,376.00.
  • On Wednesday, November 7th, Gamco Investors, Inc. Et Al bought 8,000 shares of Liberty Media Formula One Series A stock. The stock was acquired at an average cost of $25.89 per share, with a total value of $207,120.00.

FWONA opened at $30.98 on Friday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 25.60 and a beta of 1.10. Liberty Media Formula One Series A has a 52 week low of $26.63 and a 52 week high of $37.32. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, November 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Liberty Media Formula One Series A had a return on equity of 2.00% and a net margin of 23.43%. The firm had revenue of $647.00 million for the quarter, compared to the consensus estimate of $690.00 million. Equities analysts predict that Liberty Media Formula One Series A will post -0.38 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FWONA. Great Lakes Advisors LLC acquired a new position in shares of Liberty Media Formula One Series A in the 3rd quarter valued at $201,000. Verition Fund Management LLC acquired a new stake in shares of Liberty Media Formula One Series A during the 3rd quarter worth approximately $224,000. Laurel Wealth Advisors Inc. acquired a new stake in Liberty Media Formula One Series A in the second quarter valued at approximately $231,000. Blair William & Co. IL boosted its position in Liberty Media Formula One Series A by 78.4% in the third quarter. Blair William & Co. IL now owns 6,828 shares of the company’s stock valued at $243,000 after buying an additional 3,000 shares in the last quarter. Finally, Mint Tower Capital Management B.V. bought a new position in shares of Liberty Media Formula One Series A during the third quarter valued at $267,000. 10.09% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the stock. Pivotal Research restated a “buy” rating and set a $49.00 price target on shares of Liberty Media Formula One Series A in a report on Monday, November 12th. Goldman Sachs Group assumed coverage on shares of Liberty Media Formula One Series A in a report on Tuesday, October 9th. They issued a “hold” rating and a $39.00 price objective for the company. ValuEngine raised shares of Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. Finally, Zacks Investment Research cut shares of Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.00.

COPYRIGHT VIOLATION NOTICE: “Insider Buying: Liberty Media Formula One Series A (NASDAQ:FWONA) Major Shareholder Acquires 1,000 Shares of Stock” was published by Fairfield Current and is the property of of Fairfield Current. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.fairfieldcurrent.com/news/2019/01/11/gamco-investors-inc-et-al-purchases-1000-shares-of-liberty-media-formula-one-series-a-fwona-stock.html.

About Liberty Media Formula One Series A

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.

Recommended Story: Leveraged Buyout (LBO)

Receive News & Ratings for Liberty Media Formula One Series A Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Liberty Media Formula One Series A and related companies with MarketBeat.com’s FREE daily email newsletter.


Leave a Reply

Your email address will not be published.