Formula One Group (NASDAQ:FWONK – Get Rating) major shareholder Gamco Investors, Inc. Et Al purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, April 12th. The shares were acquired at an average cost of $27.12 per share, with a total value of $135,600.00. Following the completion of the transaction, the insider now owns 40,000 shares in the company, valued at $1,084,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Gamco Investors, Inc. Et Al also recently made the following trade(s):
- On Wednesday, April 20th, Gamco Investors, Inc. Et Al acquired 5,000 shares of Formula One Group stock. The stock was acquired at an average price of $28.02 per share, with a total value of $140,100.00.
Shares of FWONK stock traded up $0.75 during trading hours on Thursday, reaching $69.38. 40,947 shares of the company traded hands, compared to its average volume of 1,310,026. Formula One Group has a 12-month low of $42.84 and a 12-month high of $70.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $16.03 billion, a P/E ratio of -83.70 and a beta of 1.23. The firm has a 50-day moving average price of $63.76 and a 200 day moving average price of $60.80.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in Formula One Group by 38.0% in the 1st quarter. First Trust Advisors LP now owns 86,656 shares of the company’s stock worth $3,037,000 after purchasing an additional 23,853 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Formula One Group by 1.8% in the third quarter. New York State Common Retirement Fund now owns 241,958 shares of the company’s stock worth $12,439,000 after purchasing an additional 4,227 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Formula One Group by 6.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 53,977 shares of the company’s stock worth $2,775,000 after purchasing an additional 3,384 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Formula One Group by 1.4% in the third quarter. Russell Investments Group Ltd. now owns 19,439 shares of the company’s stock worth $998,000 after purchasing an additional 264 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Formula One Group by 84.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. 84.64% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on FWONK. StockNews.com began coverage on Formula One Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley boosted their price target on Formula One Group from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 26th. Zacks Investment Research upgraded Formula One Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on Formula One Group from $65.00 to $77.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Formula One Group has an average rating of “Hold” and a consensus target price of $57.83.
Formula One Group Company Profile (Get Rating)
Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the 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.
- Get a free copy of the StockNews.com research report on Formula One Group (FWONK)
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