JPMorgan Chase & Co. Grows Position in Liberty Media Formula One Series A (NASDAQ:FWONA)


JPMorgan Chase & Co. raised its position in shares of Liberty Media Formula One Series A (NASDAQ:FWONA) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,803 shares of the company’s stock after buying an additional 6,827 shares during the quarter. JPMorgan Chase & Co. owned about 0.12% of Liberty Media Formula One Series A worth $10,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in Liberty Media Formula One Series A by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 264,504 shares of the company’s stock valued at $9,485,000 after buying an additional 903 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Liberty Media Formula One Series A during the 2nd quarter valued at approximately $265,000. State Board of Administration of Florida Retirement System grew its holdings in Liberty Media Formula One Series A by 1.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 46,541 shares of the company’s stock valued at $1,669,000 after buying an additional 727 shares in the last quarter. Aperio Group LLC grew its holdings in Liberty Media Formula One Series A by 2.1% during the 2nd quarter. Aperio Group LLC now owns 32,876 shares of the company’s stock valued at $1,179,000 after buying an additional 665 shares in the last quarter. Finally, KBC Group NV purchased a new position in Liberty Media Formula One Series A during the 2nd quarter valued at approximately $213,000. Institutional investors and hedge funds own 10.00% of the company’s stock.

In other news, insider Albert E. Rosenthaler sold 3,398 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $28.22, for a total value of $95,891.56. Following the completion of the transaction, the insider now owns 9,990 shares in the company, valued at approximately $281,917.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Liberty Media Formula One Series A stock opened at $40.53 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $38.22 and a 200-day moving average price of $36.16. Liberty Media Formula One Series A has a one year low of $26.63 and a one year high of $40.55.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its earnings results on Thursday, August 8th. The company reported ($0.33) EPS for the quarter. The company had revenue of $620.00 million during 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%.

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

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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