Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Now Covered by Analysts at Citizens Jmp

Citizens Jmp initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a market outperform rating and a $100.00 price target on the stock.

A number of other research analysts have also issued reports on FWONA. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Citigroup cut their price target on Liberty Media Corporation – Liberty Formula One Series A from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $104.50.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $76.13 on Monday. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $68.00 and a 52 week high of $99.52. The company has a market capitalization of $19.07 billion, a PE ratio of 34.60 and a beta of 0.50. The company’s 50-day simple moving average is $78.97 and its 200 day simple moving average is $85.78.

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

Large investors have recently bought and sold shares of the company. Cooper Investors PTY Ltd. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 117.4% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock worth $10,758,000 after acquiring an additional 61,011 shares during the period. Principal Financial Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock worth $94,234,000 after acquiring an additional 102,586 shares in the last quarter. GAM Holding AG bought a new position in Liberty Media Corporation – Liberty Formula One Series A in the third quarter valued at approximately $1,608,000. Norges Bank bought a new position in Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at approximately $96,078,000. Finally, Capula Management Ltd raised its position in Liberty Media Corporation – Liberty Formula One Series A by 81.2% during the second quarter. Capula Management Ltd now owns 28,284 shares of the company’s stock valued at $2,686,000 after purchasing an additional 12,671 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.