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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is expected to post its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.2608 per share and revenue of $960.5940 million for the quarter.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.6%

Shares of Liberty Media Corporation – Liberty Formula One Series A stock opened at $93.50 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $99.52. The firm has a market capitalization of $23.42 billion, a PE ratio of 42.89 and a beta of 0.50. The stock’s fifty day moving average is $86.19 and its 200-day moving average is $82.37.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, the insider owned 15,590 shares in the company, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares during the period. Global Retirement Partners LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after purchasing an additional 371 shares during the period. State of Wyoming acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth $66,000. Kestra Advisory Services LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the fourth quarter worth $90,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 18.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,431 shares of the company’s stock worth $136,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Analysts Set New Price Targets

FWONA has been the topic of several recent analyst reports. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Finally, Citizens Jmp restated a “market outperform” rating and set a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $110.00.

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.