Gabelli Funds LLC Has $10.51 Million Position in Liberty Media Formula One Series A (FWONA)

Gabelli Funds LLC trimmed its holdings in Liberty Media Formula One Series A (NASDAQ:FWONA) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295,450 shares of the company’s stock after selling 34,500 shares during the period. Gabelli Funds LLC owned about 0.13% of Liberty Media Formula One Series A worth $10,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FWONA. FMR LLC increased its stake in shares of Liberty Media Formula One Series A by 52.4% in the second quarter. FMR LLC now owns 1,252,262 shares of the company’s stock worth $44,217,000 after purchasing an additional 430,621 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Liberty Media Formula One Series A by 32.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 806,850 shares of the company’s stock worth $28,490,000 after acquiring an additional 199,101 shares during the last quarter. Markel Corp lifted its holdings in shares of Liberty Media Formula One Series A by 4.6% in the 3rd quarter. Markel Corp now owns 229,500 shares of the company’s stock worth $8,166,000 after acquiring an additional 10,000 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Liberty Media Formula One Series A by 5.7% in the 2nd quarter. Northern Trust Corp now owns 195,034 shares of the company’s stock worth $6,886,000 after acquiring an additional 10,475 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of Liberty Media Formula One Series A by 4.6% in the second quarter. Alps Advisors Inc. now owns 124,425 shares of the company’s stock worth $4,393,000 after buying an additional 5,475 shares during the period. 9.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Gamco Investors, Inc. Et Al bought 8,000 shares of the stock in a transaction on Wednesday, November 7th. The shares were acquired at an average price of $25.89 per share, for a total transaction of $207,120.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.68% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Zacks Investment Research downgraded shares of Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Macquarie reaffirmed a “buy” rating and issued a $39.00 target price on shares of Liberty Media Formula One Series A in a research report on Sunday, August 12th. Goldman Sachs Group started coverage on shares of Liberty Media Formula One Series A in a research report on Tuesday, October 9th. They issued a “hold” rating and a $39.00 target price on the stock. Finally, Citigroup upped their target price on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $41.00.

Liberty Media Formula One Series A stock traded up $1.40 during mid-day trading on Monday, reaching $30.22. The stock had a trading volume of 137,967 shares, compared to its average volume of 181,900. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 24.98 and a beta of 1.34. Liberty Media Formula One Series A has a one year low of $27.22 and a one year high of $37.32.

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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.

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

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