Insider Selling: Formula One Group (NASDAQ:FWONA) CAO Sells 1,370 Shares of Stock

Formula One Group (NASDAQ:FWONA – Get Rating) CAO Brian J. Wendling sold 1,370 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $35.00, for a total transaction of $47,950.00. Following the transaction, the chief accounting officer now owns 14,871 shares of the company’s stock, valued at approximately $520,485. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Formula One Group Stock Performance

NASDAQ:FWONA opened at $59.97 on Friday. Formula One Group has a twelve month low of $45.01 and a twelve month high of $64.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $53.80 and a 200-day moving average of $55.77. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of -461.31 and a beta of 1.08.

Formula One Group (NASDAQ:FWONA – Get Rating) last posted its quarterly earnings data on Friday, November 4th. The company reported $0.31 earnings per share for the quarter. Formula One Group had a net margin of 1.34% and a return on equity of 0.19%. The company had revenue of $715.00 million during the quarter.

Hedge Funds Weigh In On Formula One Group

Large investors have recently made changes to their positions in the business. MetLife Investment Management LLC acquired a new position in shares of Formula One Group in the first quarter worth about $30,000. Fred Alger Management LLC acquired a new position in shares of Formula One Group in the third quarter worth about $38,000. FNY Investment Advisers LLC boosted its holdings in shares of Formula One Group by 41.4% in the third quarter. FNY Investment Advisers LLC now owns 1,640 shares of the company’s stock worth $86,000 after buying an additional 480 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Formula One Group by 31.4% in the first quarter. Brown Brothers Harriman & Co. now owns 1,752 shares of the company’s stock worth $111,000 after buying an additional 419 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Formula One Group by 135.7% in the second quarter. US Bancorp DE now owns 2,605 shares of the company’s stock worth $150,000 after buying an additional 1,500 shares during the period. Institutional investors own 8.71% of the company’s stock.

Formula One Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.