Clearbridge Investments LLC Sells 6,265 Shares of Liberty Media Formula One Series A (NASDAQ:FWONA)

Clearbridge Investments LLC reduced its stake in Liberty Media Formula One Series A (NASDAQ:FWONA) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,061,865 shares of the company’s stock after selling 6,265 shares during the period. Clearbridge Investments LLC owned 0.46% of Liberty Media Formula One Series A worth $36,146,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Liberty Media Formula One Series A by 85.2% in the fourth quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock valued at $66,000 after buying an additional 1,023 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Liberty Media Formula One Series A in the 4th quarter worth about $27,000. SG Americas Securities LLC lifted its stake in shares of Liberty Media Formula One Series A by 166.6% in the 4th quarter. SG Americas Securities LLC now owns 28,137 shares of the company’s stock valued at $836,000 after purchasing an additional 17,582 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Liberty Media Formula One Series A by 8.3% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,814 shares of the company’s stock valued at $1,362,000 after purchasing an additional 3,503 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Liberty Media Formula One Series A by 5.9% during the 4th quarter. BlackRock Inc. now owns 1,057,067 shares of the company’s stock worth $31,416,000 after acquiring an additional 58,597 shares in the last quarter. Institutional investors own 9.96% of the company’s stock.

In other news, Director Andrea L. Wong sold 1,741 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total transaction of $46,153.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several equities research analysts have issued reports on the company. Macquarie downgraded Wipro from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 16th. TheStreet downgraded Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. B. Riley set a $7.00 price target on Unique Fabricating and gave the company a “buy” rating in a report on Thursday, May 16th. Evercore ISI started coverage on Liberty Media Formula One Series A in a report on Thursday, May 23rd. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, ValuEngine lowered Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $42.00.

Shares of NASDAQ:FWONA traded up $0.03 during midday trading on Friday, hitting $36.40. The company had a trading volume of 215,425 shares, compared to its average volume of 134,259. The business has a fifty day moving average of $36.19. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.60. The company has a market cap of $8.41 billion, a PE ratio of -56.00 and a beta of 0.92. Liberty Media Formula One Series A has a 12 month low of $26.63 and a 12 month high of $38.43.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.09). The firm had revenue of $246.00 million during the quarter. Liberty Media Formula One Series A had a negative net margin of 14.34% and a negative return on equity of 1.25%.

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

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