Brokerages Set Liberty Media Formula One Series A (FWONA) PT at $42.00

Shares of Liberty Media Formula One Series A (NASDAQ:FWONA) have received a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Liberty Media Formula One Series A from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. ValuEngine downgraded Liberty Media Formula One Series A from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Goldman Sachs Group assumed coverage on Liberty Media Formula One Series A in a research report on Tuesday, October 9th. They set a “hold” rating and a $39.00 price objective for the company. Pivotal Research reissued a “buy” rating and set a $49.00 price objective on shares of Liberty Media Formula One Series A in a research report on Monday, November 12th. Finally, Macquarie reissued a “buy” rating and set a $39.00 price objective on shares of Liberty Media Formula One Series A in a research report on Sunday, August 12th.

Shares of FWONA traded up $0.77 during midday trading on Friday, reaching $29.30. The company had a trading volume of 3,004 shares, compared to its average volume of 150,865. Liberty Media Formula One Series A has a 1-year low of $27.22 and a 1-year high of $37.93. The company has a market capitalization of $6.59 billion, a PE ratio of 24.31 and a beta of 1.35. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60.

In other Liberty Media Formula One Series A news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Media Formula One Series A stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. Following the completion of the transaction, the insider now directly owns 24,972 shares of the company’s stock, valued at approximately $916,722.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al bought 8,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was purchased at an average cost of $25.89 per share, with a total value of $207,120.00. The disclosure for this purchase can be found here. Insiders own 4.68% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC purchased a new position in shares of Liberty Media Formula One Series A in the 3rd quarter valued at about $224,000. Laurel Wealth Advisors Inc. purchased a new position in shares of Liberty Media Formula One Series A in the 2nd quarter valued at about $231,000. First Capital Advisors Group LLC. purchased a new position in shares of Liberty Media Formula One Series A in the 2nd quarter valued at about $232,000. Legal & General Group Plc boosted its stake in shares of Liberty Media Formula One Series A by 108.3% in the 1st quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock valued at $194,000 after buying an additional 3,449 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Liberty Media Formula One Series A by 78.4% in the 3rd quarter. Blair William & Co. IL now owns 6,828 shares of the company’s stock valued at $243,000 after buying an additional 3,000 shares during the period. 9.96% of the stock is owned by institutional investors.

Liberty Media Formula One Series A Company Profile

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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