Liberty Media Formula One Series A (FWONA) Upgraded by ValuEngine to Strong-Buy

ValuEngine upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a buy rating to a strong-buy rating in a research report released on Thursday, ValuEngine reports.

FWONA has been the subject of several other reports. Zacks Investment Research lowered shares of Liberty Media Formula One Series A from a hold rating to a sell rating in a research note on Thursday, January 17th. Pivotal Research reissued a buy rating and set a $43.00 target price on shares of Liberty Media Formula One Series A in a research note on Friday, March 1st. Finally, Macquarie reissued a buy rating and set a $43.00 target price on shares of Liberty Media Formula One Series A in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Liberty Media Formula One Series A has a consensus rating of Buy and a consensus price target of $40.60.

NASDAQ FWONA opened at $36.78 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.62. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of -56.58 and a beta of 0.99. Liberty Media Formula One Series A has a 52 week low of $26.63 and a 52 week high of $37.32.

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

In other Liberty Media Formula One Series A news, insider Richard N. Baer sold 19,988 shares of the business’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 can be accessed through this link. Also, major shareholder Art L.P. Ancient bought 25,000 shares of Liberty Media Formula One Series A stock in a transaction on Thursday, January 24th. The stock was purchased at an average price of $29.88 per share, with a total value of $747,000.00. The disclosure for this purchase can be found here. Insiders own 4.68% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Loeb Partners Corp bought a new position in Liberty Media Formula One Series A in the fourth quarter worth about $26,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Liberty Media Formula One Series A during the fourth quarter worth about $27,000. We Are One Seven LLC purchased a new stake in shares of Liberty Media Formula One Series A during the fourth quarter worth about $52,000. Bank of Montreal Can grew its stake in shares of 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 during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Liberty Media Formula One Series A during the third quarter worth about $201,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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