Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report)‘s stock had its “hold (c+)” rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
A number of other research firms have also commented on FWONA. Guggenheim raised their price objective on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Benchmark reaffirmed a “buy” rating and issued a $102.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, June 12th. Finally, Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A currently has an average rating of “Moderate Buy” and an average price target of $103.00.
Read Our Latest Stock Analysis on Liberty Media Corporation – Liberty Formula One Series A
Liberty Media Corporation – Liberty Formula One Series A Stock Performance
Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $1.00. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current year.
Insider Activity
In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director owned 1,781 shares of the company’s stock, valued at $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 5,651 shares of company stock valued at $572,250 over the last 90 days. Insiders own 2.97% of the company’s stock.
Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A
Several hedge funds have recently bought and sold shares of FWONA. Norges Bank purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth approximately $96,078,000. Sculptor Capital LP boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after purchasing an additional 12,786 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after purchasing an additional 7,113 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 27.8% in the 2nd quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after purchasing an additional 79,413 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 10.1% in the 2nd quarter. Bamco Inc. NY now owns 333,317 shares of the company’s stock valued at $31,652,000 after purchasing an additional 30,637 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.
About Liberty Media Corporation – Liberty Formula One Series A
Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One 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.
Further Reading
- Five stocks we like better than Liberty Media Corporation – Liberty Formula One Series A
- How to Calculate Stock Profit
- Lowe’s vs. Home Depot: Which Benefits More From Lower Rates?
- CD Calculator: Certificate of Deposit Calculator
- These 5 Beaten-Down Tech Stocks Could Catch Fire Next
- What is MarketRank™? How to Use it
- Falcon Flex Drives Growth as CrowdStrike Bets on AI Security
Receive News & Ratings for Liberty Media Corporation - Liberty Formula One Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation - Liberty Formula One Series A and related companies with MarketBeat.com's FREE daily email newsletter.