Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Now Covered by Zacks Research

Zacks Research started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in a report released on Monday,Zacks reports. The brokerage issued a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. TD Cowen increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Guggenheim lifted their target price on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.25.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 1.0%

Shares of FWONA opened at $103.87 on Monday. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $104.02. The firm has a fifty day simple moving average of $87.32 and a 200 day simple moving average of $84.87. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 119.39 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, research analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock worth $118,593,000 after buying an additional 191,619 shares during the last quarter. Madison Asset Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at $131,567,000. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock valued at $78,560,000 after acquiring an additional 10,603 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $56,066,000. Finally, Hawk Ridge Capital Management LP grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 47.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock valued at $34,472,000 after acquiring an additional 141,700 shares during the period. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.