Liberty Media Corp Live Nation stock: Why entertainment exposure pays off for investors
Liberty Media Corp Live Nation offers investors exposure to the high-growth live entertainment and media sectors through its strategic stakes in Live Nation, Formula 1, and SiriusXM. The company benefits from rising demand for live events post-pandemic and the global appeal of motorsports and audio content. While highlighting lucrative growth potential, the article also advises investors to consider risks like recession sensitivity and regulatory scrutiny.
Liberty Media Formula One stock: Racing ahead or hitting bumps?
This article analyzes Liberty Media's Formula One Group stock (FWONK), highlighting its unique exposure to global motorsport growth, especially in North America. It details the company's revenue streams from media rights, sponsorships, and live events, and discusses the factors driving F1's popularity. The piece also covers analyst perspectives and potential risks for investors considering FWONK.
Liberty Media Formula One stock: Racing ahead or hitting bumps?
This article analyzes Liberty Media's Formula One Group stock (FWONK), highlighting its unique exposure to global motorsport growth, particularly in North America. It details F1's revenue streams from media rights, sponsorships, and live events, and discusses the stock's appeal to investors seeking growth in experiential entertainment. The piece also addresses potential risks and questions, such as economic downturns, driver market volatility, and competition from electric series.
John C. Malone (FWONK) writes OTC put options on 250,000 Liberty Formula One shares
John C. Malone, a 10% owner of Liberty Media Corp (FWONK), reported writing over-the-counter put options on 250,000 shares of Series A Liberty Formula One Common Stock. These European-style options have a strike price of $71.7531 per share and expire in March 2027. Malone received a premium of approximately $1.284 million for this transaction.
Liberty Media Corp. Stock: Formula One Tracking Shares Offer Unique Exposure to Global Motorsports G
Liberty Media Corp. offers unique exposure to the growing global motorsports market through its Formula One tracking shares (FWONK). This analysis details Formula One's business model, competitive strengths, and growth drivers, emphasizing its appeal to North American investors seeking diversification in entertainment. The article highlights the financial performance, institutional interest, and market position of Formula One, while also addressing key risks and open questions for investors.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Now Covered by Citizens Jmp
Citizens Jmp has initiated coverage on Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) with a "market outperform" rating and a $100 price target, suggesting a 33% upside. Other analysts also hold a generally positive outlook, with an average rating of "Buy" and an average target price of $104.50 for the stock. FWONA, a tracking stock for Liberty Media's Formula One business, recently traded at $75.11 and institutional investors hold 8.38% of its stock.
Liberty Media Formula One Stock: Navigating Growth in Global Motorsports Amid Evolving Challenges
Liberty Media Formula One (NASDAQ: FWONA) offers investors a unique investment opportunity in the global motorsports sector, capitalizing on the popularity of Formula 1 racing. The company's business model, driven by media rights, sponsorships, and live events, has led to consistent revenue growth and strong financial performance. With strategic partnerships, a growing presence in North America, and digital initiatives, Formula 1 is well-positioned for sustained growth despite potential operational and competitive challenges.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Price Target Lowered to $95.00 at Citigroup
Citigroup has lowered its price target for Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) to $95.00 from $100.00, while maintaining a "Buy" rating, indicating a potential upside of 25.07%. The stock currently holds a consensus "Buy" rating from analysts with an average target price of $105.40. Institutional investors hold approximately 8.38% of the company's stock, with several firms increasing their stakes in recent quarters.
Liberty Media Corp. stock faces uncertainty amid Formula 1 expansion delays and live events sector p
Liberty Media Corp. stock (ISIN: US5312298541) is facing investor scrutiny due to delays in Formula 1 calendar expansion and competitive pressures in motorsports and live events. The company's tracking stock structure, particularly for its Formula One Group, offers investors exposure to F1, but growth projections are challenged by hurdles in securing new race venues and economic slowdowns. Despite these risks, the broader portfolio including SiriusXM and the Atlanta Braves provides some diversification, making the stock a key watch for investors in the sports entertainment sector.
Liberty Media Corp. stock faces uncertainty amid Formula 1 revenue pressures and live events slowdown
Liberty Media Corp. faces headwinds as Formula 1 revenue growth slows and SiriusXM struggles with subscriber churn. Despite these challenges, the Atlanta Braves asset shows strong performance, and the company's robust balance sheet and strategic capital allocation by John C. Malone aim to unlock value for investors. US investors are particularly interested due to the company's domestic footprint and tax-efficient tracking stock framework, though luxury spending curbs and regulatory hurdles present risks.
Swiss Life Asset Management Ltd Purchases 12,928 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Swiss Life Asset Management Ltd significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 53.1% in the third quarter, acquiring 12,928 additional shares. The investment firm now holds a total of 37,274 shares valued at approximately $3.893 million. This comes as analysts generally rate FWONK as a "Moderate Buy" with an average target price of $111.78, despite the stock currently trading closer to its 52-week low.
Motor racing-F1 owner Liberty Media can ride out Mideast conflict
F1 owner Liberty Media's shares have fallen by nearly 12% due to the Middle East conflict, leading to the cancellation of the Bahrain and Saudi Arabian Grands Prix. However, market analysts believe the company's long-term prospects remain intact, citing the likely short-term nature of the conflict and the continued revenue from media rights. Despite an estimated loss of $118.5 million in race promotion fees and $93.7 million in sponsorships, F1 is expected to maintain media rights payments as long as it delivers over 16 races, with experts predicting a strong rebound in future years.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Given Consensus Rating of "Buy" by Brokerages
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) has received a consensus "Buy" rating from brokerages, with an average one-year price target of $108.00. Six analysts currently cover the stock, with one rating it as hold, three as buy, and two as strong buy. The company's shares opened at $75.67, with a market capitalization of $18.92 billion, and institutional investors have recently increased their positions, notably Norges Bank with a $96 million purchase.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Price Target Lowered to $115.00 at JPMorgan Chase & Co.
JPMorgan Chase & Co. has lowered its price target for Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) to $115.00 from $122.00, while maintaining an "overweight" rating. This new target suggests a potential upside of nearly 38% from the stock's current trading price. Other analysts have also adjusted their ratings and price targets for FWONK, contributing to a consensus "Moderate Buy" rating with an average target price of $111.78.
Boothbay Fund Management LLC Has $2.58 Million Stock Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Boothbay Fund Management LLC significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series C (FWONK) by 486.9% in Q3, now holding 24,732 shares valued at approximately $2.58 million. This comes as Director Chase Carey recently sold a substantial portion of his shares for about $8.10 million. The stock currently holds a "Moderate Buy" consensus from analysts, with an average target price of $112.56.
Liberty Media Corp. Stock (ISIN: US5312298541) Faces Headwinds from Formula One Race Cancellations Amid Mixed Institutional Moves
Liberty Media Corp. faces a projected $70 million earnings hit due to Formula One race cancellations, impacting its F1 tracking stock (FWONK). While institutional ownership remains high, some major investors are adjusting their positions, and a director recently sold a significant stake. Despite these headwinds, analysts maintain a "Moderate Buy" consensus with significant upside potential, highlighting F1's long-term growth drivers.
Fred Alger Management LLC Trims Stock Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Fred Alger Management LLC reduced its stake in Liberty Media Corporation - Liberty Formula One Series C ($FWONK) by 15% in Q3, selling over 209,000 shares, though it still holds a significant position. Other institutional investors made various adjustments to their holdings in the same period. Despite this, Wall Street analysts maintain a "Moderate Buy" consensus rating for FWONK, with several firms raising their price targets.
Bamco Inc. NY Reduces Stake in Liberty Formula One Series A
Bamco Inc. NY, an investment management firm, reduced its holdings in Liberty Media Corporation's Liberty Formula One Series A (NASDAQ:FWONA) by 4.7% during the third quarter of 2026. This divestment, though relatively small, could indicate broader concerns about the Formula One business or Liberty Media's overall strategy. Investors will be observing future changes in major institutional holdings of FWONA stock.
ArrowMark Colorado Holdings LLC Sells 17,899 Shares of Liberty Media Corporation - Liberty Formula One Series A $FWONA
ArrowMark Colorado Holdings LLC reduced its stake in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) by 44.0%, selling 17,899 shares and retaining 22,825 shares valued at $2.17 million. Additionally, Director Chase Carey sold 83,536 shares for approximately $8.1 million, decreasing his position by 46.96%. Despite these insider sales, analysts maintain a consensus "Buy" rating for FWONA, with an average target price of $108.00.
Bamco Inc. NY Has $30.26 Million Position in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Bamco Inc. NY reduced its stake in Liberty Media Corporation - Liberty Formula One Series A ($FWONA) by 4.7% in the third quarter, holding 317,764 shares valued at $30.26 million. Other institutional investors increased their positions, while Director Chase Carey sold a significant number of shares. Analysts currently rate the stock a "Buy" with a consensus price target of $108.00.
Clough Capital Partners L P Has $7.54 Million Stock Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Clough Capital Partners L P significantly reduced its stake in Liberty Media Corporation - Liberty Formula One Series C ($FWONK) by 57.4% in the third quarter, now holding shares valued at $7.54 million. Despite this reduction, institutional ownership in FWONK remains high at 92.26%, with several large funds establishing new positions. The stock currently holds a "Moderate Buy" consensus rating from analysts, with a target price of $112.56.
Korea Investment CORP Sells 23,000 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Korea Investment CORP significantly reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by selling 23,000 shares in the third quarter, decreasing its position by 27.6%. Despite this, the stock holds a "Moderate Buy" consensus rating from analysts with an average target price of $112.56. Other institutional investors showed mixed activity, with some increasing and others initiating positions in FWONK.
Wall Street analysts predict a 41.97% upside in Liberty Media Corporation - Liberty Formula One Series A (FWONA): Here's what you should know
This article provides an analysis of Liberty Media Corporation - Liberty Formula One Series A (FWONA) based on recent Wall Street analyst ratings. Analysts predict a 41.97% upside for the stock. Investors can review the average broker recommendations and price targets to gauge potential future performance.
Sands Capital Management LLC Grows Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
Sands Capital Management LLC increased its stake in Liberty Media — Formula One Series C (FWONK) by 5.4% in the third quarter of 2025, now owning over 2 million shares valued at $210.4 million. Several other institutional investors also adjusted their positions in FWONK, indicating continued interest in the stock. Analysts currently rate FWONK as a "Moderate Buy" with a consensus price target of $112.56, despite a recent insider sale by Director Chase Carey.
Liberty Media (FWONK) 2025 Revenue Rises 23% to $4.48B as Operating Income Hits $577M
Liberty Media Corporation (FWONK) reported a 23% increase in consolidated annual revenue to $4.48 billion and a doubling of operating income to $577 million for 2025, driven by the acquisition of MotoGP and robust performance by Formula 1. Formula 1's revenue grew 14% to $3.9 billion and operating income jumped 28%, with record fan engagement. The company plans to continue scaling F1 and integrating MotoGP in 2026.
Liberty Formula One Series A (FWONA) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
Shares of Liberty Media Corporation - Liberty Formula One Series A (FWONA) have recently formed a hammer chart pattern, suggesting a potential trend reversal after an 8.2% decline over the past week. This technical indicator, combined with a 22% increase in the consensus EPS estimate over the last 30 days and a Zacks Rank #1 (Strong Buy), indicates strong fundamental support for a turnaround. Investors are encouraged to consider buying the stock due to these bullish signals.
FWONA SEC Filings - Liberty Media Corp Del 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for investors and traders to access official regulatory documents for Liberty Media Del (FWONA), including 10-K, 10-Q, and 8-K forms, specifically focusing on Series A Liberty Formula One common stock and the Formula One Group. It aggregates SEC filings and offers AI-powered summaries to highlight key points, such as an Investor Meeting webcast timing change, insider stock transactions, the Q3 2025 earnings report, the acquisition of MotoGP, and governance changes including a new Chairman and a proposed split-off of the Liberty Live Group. The platform helps users monitor new SEC documents and understand their impact on FWONA.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Upgraded to "Strong-Buy" at Zacks Research
Zacks Research has upgraded Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) to a "strong-buy" rating. This upgrade aligns with Sanford C. Bernstein's recent upgrade, contributing to an average target price of $108.00 from analysts, with two "Strong Buy," three "Buy," and one "Hold" rating. The stock's current price is $77.56, and it boasts a market cap of $19.39 billion, along with significant institutional investor activity.
Liberty Media Corp.: Why This Sports & Streaming Stock Is Heating Up
Liberty Media Corp. is gaining attention due to its holdings in Formula 1 and SiriusXM, and recent restructuring efforts aimed at simplifying its complex tracking stock structure. The company is seen as a key player in live sports and subscription audio, benefiting from F1's growth in the US and SiriusXM's strong subscriber base. However, investors are cautioned about the complexity of its tracking stock model and potential market volatility.
Elo Mutual Pension Insurance Co Purchases 13,229 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Elo Mutual Pension Insurance Co increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 66.1% in the third quarter, purchasing an additional 13,229 shares. Other institutional investors have also adjusted their holdings in FWONK, which has a market capitalization of $19.90 billion and a P/E ratio of 40.37. Analysts generally rate the stock a "Moderate Buy" with an average price target of $112.56.
Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. reduced its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 4.6% in the third quarter, selling over 100,000 shares. Additionally, Director Chase Carey significantly trimmed his position by selling 83,536 shares for approximately $8.10 million. Despite these sales, FWONA shares are trading higher, and analysts maintain a "Moderate Buy" consensus with an average price target of $108.00.
16,133 Shares in Liberty Media Corporation - Liberty Formula One Series C $FWONK Acquired by Banco Santander S.A.
Banco Santander S.A. recently acquired 16,133 shares of Liberty Media Corporation - Liberty Formula One Series C (FWONK) during Q3, valued at approximately $1.685 million. Insiders own 4.31% of the stock, while institutional investors hold 92.26%. Analysts maintain a "Moderate Buy" rating for FWONK, with an average price target of $112.56.
Liberty Media’s Formula One Gains Momentum with Strong Earnings
Liberty Media’s Formula One Group (FWONK) is experiencing significant momentum due to strong 2025 earnings, propelled by successful acquisitions and strategic partnerships. The company reported a 23% revenue surge and exceeded Q4 revenue expectations, leading to renewed investor enthusiasm and a ‘Buy’ rating from Guggenheim. Despite a high P/E ratio, its robust financial fundamentals and emerging bullish technical trend suggest continued growth potential.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Given Average Recommendation of "Moderate Buy" by Analysts
Eleven analysts have assigned Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) an average "Moderate Buy" rating, with a consensus one-year price target of $112.56. The company's stock recently opened at $91.59, and notable insider activity includes Director Chase Carey selling 83,536 shares for approximately $8.10 million. Insiders now own 4.31% of the stock, while institutions hold 92.26%.
Liberty Media Soars: MotoGP and F1 Drive Stunning Revenue Growth
Liberty Media Corporation Series C Formula One Group (NASDAQ: FWONK) surged by 5.84% due to strong performances from Formula One and its newly acquired MotoGP platform. The company reported a 23% consolidated revenue hike and a 101% increase in operating income, surpassing Q4 expectations. Analysts maintain positive outlooks, with Guggenheim revising price targets upward, underscoring investor confidence in Liberty Media's strategic assets and market positioning.
Liberty Media’s Formula One Shines with Q4 Revenue Beat
Liberty Media’s Formula One Group reported strong Q4 2025 results, with revenues exceeding analyst expectations at $1.61 billion, driven by exceptional performance in F1 and the successful integration of MotoGP. The company saw a 101% increase in operating income, with F1 revenue growing 14% to $3.9 billion due to record attendance and viewership. Analysts anticipate continued growth for 2026, bolstering share price targets despite a more leveraged balance sheet.
Liberty Media’s Formula One Soars with Record Growth in 2025
Liberty Media's Formula One Group (FWONK) stock surged by 6.98% following record revenue and operating income growth in 2025, driven by increased attendance, viewership, and strategic initiatives. The company reported $3.9 billion in revenue and a 28% jump in operating income, beating analyst predictions with Q4 revenue reaching $1.61 billion. New broadcasting deals, particularly with IMAX and Apple TV, and a focus on motorsports, indicate strong future prospects despite increased debt.
MAI Capital Management Trims Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK
MAI Capital Management significantly reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 43.1% during the third quarter, selling 39,342 shares. Despite this, other institutional investors like Norges Bank and Cantillon Capital Management LLC acquired substantial new positions. Analysts have a "Moderate Buy" consensus rating for FWONK, with a target price of $112.20.
TD Asset Management Inc Acquires 23,470 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
TD Asset Management Inc. recently increased its stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) by 2.1%, acquiring an additional 23,470 shares. The fund now owns 1,127,282 shares valued at approximately $117.7 million. Several other institutional investors also adjusted their positions, and insider activity shows Director Chase Carey sold a significant number of shares in December.
Liberty Media (FWONA) CAO gains 9,127 Formula One shares via award
Liberty Media Corp's CAO/PFO, Brian J. Wendling, acquired 9,127 shares of Series C Liberty Formula One Common Stock through a grant following the vesting of performance-based restricted stock units. This transaction, valued at $0.00 per share, increased his direct holdings to 18,048 shares. The shares were issued on February 4, 2026, after the satisfaction of performance criteria.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Given Average Recommendation of "Moderate Buy" by Brokerages
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) has received a "Moderate Buy" consensus recommendation from seven analysts, with an average 1-year price objective of $103.00. Key insider Chase Carey recently sold a significant portion of his shares, reducing his stake by nearly 47%. The stock currently trades with a market cap of $20.5 billion and a P/E of 105.12.
Interlagos signs deal to host Brazilian Grand Prix to 2025
The Interlagos circuit in Sao Paulo has secured a five-year deal to host the Brazilian Grand Prix until 2025, now officially named the Sao Paulo Grand Prix. This agreement ends plans by President Jair Bolsonaro to move the race to Rio de Janeiro and ensures the future of one of F1's most historic venues. The new promoter, Brasil Motorsport, is backed by an investment entity from Abu Dhabi.
Highbridge Capital Management LLC Has $30.91 Million Position in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Highbridge Capital Management LLC reduced its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 11.1% in the third quarter, still holding a $30.91 million position. Other institutional investors also adjusted their holdings, with several increasing their stakes. Analyst ratings for FWONA include a "Moderate Buy" consensus with a target price of $103.00, and an insider recently sold a significant portion of their shares.
Liberty Media Corp.: The Quiet Stock Powering F1, SiriusXM & Live Sports
Liberty Media Corp. is presented as a significant, yet often overlooked, holding company with major stakes in Formula 1, SiriusXM, and Live Nation, making it a key player in the entertainment industry. The article highlights its complex structure involving tracking stocks for different assets, positioning it as a strategic investment for those interested in the monetization of sports, audio, and live events, particularly in the US market. While offering potential for value unlocking through its experienced management, the article also cautions about its inherent complexity and execution risks within its various segments.
Strs Ohio Has $52,000 Position in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Strs Ohio drastically reduced its stake in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) by 97.7% in Q3, now holding 543 shares valued at $52,000. Meanwhile, company insiders have been net sellers, disposing of over $35 million worth of shares in the last 90 days. Despite insider selling, analysts maintain a "Moderate Buy" consensus rating with a target price of $103.00 for FWONA.
Principal Financial Group Inc. Increases Stake in Liberty Media Corporation - Liberty Formula One Series A $FWONA
Principal Financial Group Inc. significantly increased its stake in Liberty Media Corporation - Liberty Formula One Series A (FWONA) by 11.6% in the third quarter, now owning 989,602 shares valued at $94.23 million. This comes despite notable insider selling, with directors disposing of millions of dollars worth of shares. Wall Street analysts maintain a "Moderate Buy" consensus rating for FWONA, with an average target price of $103.00.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives Average Recommendation of "Moderate Buy" from Brokerages
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) has received an average "Moderate Buy" recommendation from seven brokerages, with an average 12-month target price of $103.00. Despite this, there has been significant insider selling, with insiders offloading 368,363 shares worth approximately $36.65 million in the last 90 days. The company has a market capitalization of $20.10 billion and a high P/E ratio, trading within a 1-year range of $68.00–$99.52.
GAM Holding AG Takes $1.61 Million Position in Liberty Media Corporation - Liberty Formula One Series A $FWONA
GAM Holding AG has acquired a new stake worth approximately $1.61 million in Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) during the third quarter. Despite significant insider selling, analysts maintain a "Moderate Buy" rating with a consensus price target of $103.00 for the Class A equity security, which tracks Liberty Media's economic interest in Formula One. The stock currently trades near $89 with a market capitalization of $22.27 billion.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey Sells 83,500 Shares of Stock
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Director Chase Carey sold 83,500 shares of the company's stock on December 16th, reducing his position by nearly 47%. This sale, among others in November and December, totaled over $7.99 million. Despite these insider sales, analysts maintain a "Moderate Buy" rating for FWONA with a consensus price target of $103.00.
Eminence Capital LP Sells 115,983 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK
Eminence Capital LP significantly reduced its stake in Liberty Media Corporation - Liberty Formula One Series C (FWONK) by selling 115,983 shares in Q2, decreasing its holding by 5.8%. Despite this, the institutional investor still owns 1,884,563 shares valued at approximately $196.9 million, making FWONK its 14th largest holding. Insider selling also occurred, with Director Chase Carey and Renee L. Wilm disposing of shares, while institutional ownership remains high at 92.26%.
