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 given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Liberty Media Formula One Series A from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Pivotal Research reaffirmed a “buy” rating and set a $49.00 target price on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th. Finally, Goldman Sachs Group assumed coverage on shares of Liberty Media Formula One Series A in a research note on Tuesday, October 9th. They set a “hold” rating and a $39.00 target price on the stock.

Liberty Media Formula One Series A stock opened at $31.02 on Friday. 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 capitalization of $7.18 billion, a P/E ratio of 25.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Liberty Media Formula One Series A had a net margin of 23.43% and a return on equity of 2.00%. The company had revenue of $647.00 million during the quarter, compared to analyst estimates of $690.00 million. As a group, analysts forecast that Liberty Media Formula One Series A will post -0.38 EPS for the current year.

In other Liberty Media Formula One Series A news, major shareholder Gamco Investors, Inc. Et Al bought 8,000 shares of the stock in a transaction on Wednesday, November 7th. The shares were bought at an average price of $25.89 per share, with a total value of $207,120.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory B. Maffei purchased 3,500 shares of Liberty Media Formula One Series A stock in a transaction dated Monday, December 3rd. The shares were bought at an average price of $30.29 per share, for a total transaction of $106,015.00. Following the acquisition, the chief executive officer now owns 380,219 shares in the company, valued at $11,516,833.51. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 18,900 shares of company stock worth $495,331. 4.68% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL raised its holdings in shares of Liberty Media Formula One Series A by 78.4% during the 3rd quarter. Blair William & Co. IL now owns 6,828 shares of the company’s stock worth $243,000 after acquiring an additional 3,000 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Liberty Media Formula One Series A by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,407 shares of the company’s stock worth $3,016,000 after acquiring an additional 4,198 shares during the period. SG Americas Securities LLC raised its holdings in shares of Liberty Media Formula One Series A by 67.5% during the 3rd quarter. SG Americas Securities LLC now owns 10,555 shares of the company’s stock worth $376,000 after acquiring an additional 4,255 shares during the period. First Capital Advisors Group LLC. raised its holdings in shares of Liberty Media Formula One Series A by 69.0% during the 3rd quarter. First Capital Advisors Group LLC. now owns 11,113 shares of the company’s stock worth $395,000 after acquiring an additional 4,536 shares during the period. Finally, Ingalls & Snyder LLC raised its holdings in shares of Liberty Media Formula One Series A by 50.5% during the 3rd quarter. Ingalls & Snyder LLC now owns 14,287 shares of the company’s stock worth $508,000 after acquiring an additional 4,793 shares during the period. Institutional investors and hedge funds own 10.09% of the company’s stock.

About Liberty Media Formula One Series A

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

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