Liberty Media Formula One Series A (FWONA) Given Consensus Rating of “Buy” by Brokerages

Shares of Liberty Media Formula One Series A (NASDAQ:FWONA) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.50.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Liberty Media Formula One Series A from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research raised shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Pivotal Research reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Liberty Media Formula One Series A in a report on Friday, March 1st. Finally, Macquarie reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Liberty Media Formula One Series A in a report on Tuesday, April 16th.

In other Liberty Media Formula One Series A news, insider Richard N. Baer sold 19,988 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $41.51, for a total value of $829,701.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Art L.P. Ancient purchased 25,000 shares of the business’s stock in a transaction on Thursday, January 24th. The stock was acquired at an average cost of $29.88 per share, with a total value of $747,000.00. The disclosure for this purchase can be found here. Corporate insiders own 4.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Loeb Partners Corp acquired a new position in shares of Liberty Media Formula One Series A in the fourth quarter valued at $26,000. Oppenheimer Asset Management Inc. acquired a new position in Liberty Media Formula One Series A during the fourth quarter worth $27,000. We Are One Seven LLC acquired a new position in Liberty Media Formula One Series A during the fourth quarter worth $52,000. Bank of Montreal Can raised its stake in Liberty Media Formula One Series A by 85.2% during the fourth quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock worth $66,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in Liberty Media Formula One Series A during the third quarter worth $201,000. 10.45% of the stock is owned by institutional investors.

Shares of FWONA opened at $36.78 on Monday. Liberty Media Formula One Series A has a 1 year low of $26.63 and a 1 year high of $37.32. The firm has a market cap of $8.50 billion, a PE ratio of -56.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.33 and a quick ratio of 0.33.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, February 28th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.44). Liberty Media Formula One Series A had a negative net margin of 8.21% and a negative return on equity of 0.67%. The firm had revenue of $481.00 million for the quarter, compared to analyst estimates of $475.00 million. On average, analysts anticipate that Liberty Media Formula One Series A will post -0.64 earnings per share for the current year.

Liberty Media Formula One Series A Company Profile

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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