Integrated Wealth Concepts LLC Has $534,000 Stake in Formula One Group (NASDAQ:FWONA)

Integrated Wealth Concepts LLC grew its position in Formula One Group (NASDAQ:FWONA) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,462 shares of the company’s stock after buying an additional 300 shares during the period. Integrated Wealth Concepts LLC’s holdings in Formula One Group were worth $534,000 at the end of the most recent reporting period.

Separately, Lountzis Asset Management LLC acquired a new stake in shares of Formula One Group in the 3rd quarter valued at $220,000. Institutional investors own 8.38% of the company’s stock.

Formula One Group Stock Down 0.7 %

Shares of Formula One Group stock opened at $82.03 on Wednesday. Formula One Group has a 12 month low of $55.86 and a 12 month high of $86.51. The business has a fifty day simple moving average of $75.88 and a 200 day simple moving average of $71.43. The stock has a market cap of $19.28 billion, a PE ratio of 71.33 and a beta of 0.18.

Analyst Ratings Changes

Several research firms have recently commented on FWONA. Benchmark reissued a “buy” rating and issued a $81.00 target price on shares of Formula One Group in a research note on Thursday, November 14th. Seaport Res Ptn cut Formula One Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th.

Insider Buying and Selling

In other Formula One Group news, Director Andrea L. Wong sold 1,604 shares of Formula One Group stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $47.41, for a total transaction of $76,045.64. Following the transaction, the director now directly owns 5,274 shares in the company, valued at approximately $250,040.34. The trade was a 23.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brian J. Wendling sold 1,094 shares of Formula One Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $69.57, for a total value of $76,109.58. The disclosure for this sale can be found here. Insiders sold a total of 31,911 shares of company stock valued at $2,403,701 over the last three months.

Formula One Group Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.