Liberty Media Corporation – Liberty Formula One Series A (FWONA) Expected to Announce Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is projected to announce its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.5491 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $81.70 on Thursday. The company has a 50 day moving average price of $83.52 and a two-hundred day moving average price of $88.02. The stock has a market capitalization of $20.43 billion, a P/E ratio of 104.74 and a beta of 0.55. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, December 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the period. California State Teachers Retirement System lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 18.3% during the second quarter. California State Teachers Retirement System now owns 1,431 shares of the company’s stock worth $136,000 after purchasing an additional 221 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 3.4% in the fourth quarter. AQR Capital Management LLC now owns 7,805 shares of the company’s stock valued at $696,000 after purchasing an additional 253 shares during the period. Aristides Capital LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 4.1% during the 4th quarter. Aristides Capital LLC now owns 6,838 shares of the company’s stock valued at $611,000 after purchasing an additional 270 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 12.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 2,529 shares of the company’s stock valued at $241,000 after purchasing an additional 280 shares in the last quarter. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.