Morgan Stanley Has $657,000 Holdings in Liberty Media Formula One Series A (NASDAQ:FWONA)

Morgan Stanley reduced its position in Liberty Media Formula One Series A (NASDAQ:FWONA) by 18.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,312 shares of the company’s stock after selling 4,230 shares during the period. Morgan Stanley’s holdings in Liberty Media Formula One Series A were worth $657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Liberty Media Formula One Series A by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,373,189 shares of the company’s stock worth $85,102,000 after purchasing an additional 37,865 shares during the last quarter. Pathstone Family Office LLC increased its holdings in shares of Liberty Media Formula One Series A by 562.9% during the 2nd quarter. Pathstone Family Office LLC now owns 2,718 shares of the company’s stock valued at $97,000 after acquiring an additional 2,308 shares during the last quarter. US Bancorp DE increased its holdings in shares of Liberty Media Formula One Series A by 62.7% during the 2nd quarter. US Bancorp DE now owns 1,754 shares of the company’s stock valued at $63,000 after acquiring an additional 676 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Liberty Media Formula One Series A by 37.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 41,046 shares of the company’s stock valued at $1,472,000 after acquiring an additional 11,273 shares during the last quarter. Finally, Roundview Capital LLC increased its holdings in shares of Liberty Media Formula One Series A by 9.1% during the 2nd quarter. Roundview Capital LLC now owns 21,000 shares of the company’s stock valued at $753,000 after acquiring an additional 1,760 shares during the last quarter. 9.73% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on FWONA shares. Benchmark started coverage on Liberty Media Formula One Series A in a report on Wednesday, October 9th. They set a “buy” rating on the stock. Citigroup increased their price objective on Liberty Media Formula One Series A from $42.00 to $46.00 and gave the company a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. raised Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $50.00 in a report on Thursday, August 15th. Finally, FBN Securities lowered Liberty Media Formula One Series A from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.67.

Shares of NASDAQ FWONA opened at $37.94 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of -58.37 and a beta of 0.89. The business’s 50-day simple moving average is $39.30 and its 200-day simple moving average is $37.90. Liberty Media Formula One Series A has a 52 week low of $26.63 and a 52 week high of $40.81.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.33) EPS for the quarter. The company had revenue of $620.00 million for the quarter. Liberty Media Formula One Series A had a negative net margin of 18.41% and a negative return on equity of 1.64%.

In other Liberty Media Formula One Series A news, SVP Brian J. Wendling sold 14,533 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.47, for a total value of $559,084.51. Following the sale, the senior vice president now owns 6,079 shares of the company’s stock, valued at approximately $233,859.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Albert E. Rosenthaler sold 3,398 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total value of $95,891.56. Following the completion of the sale, the insider now directly owns 9,990 shares in the company, valued at approximately $281,917.80. The disclosure for this sale can be found here.

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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