Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Rating Cut to “Hold” at Zacks Research

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price objective on the stock. UBS Group lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Susquehanna dropped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating for the company in a research report on Friday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Finally, Bank of America increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and a consensus target price of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.2%

Shares of NASDAQ FWONK opened at $92.47 on Thursday. The firm has a market capitalization of $20.74 billion, a PE ratio of 136.19 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $107.31. The firm’s 50-day moving average is $94.94 and its 200-day moving average is $91.92.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current fiscal year.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

A number of large investors have recently bought and sold shares of the business. Allied Private Wealth LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $32,000. Anchor Investment Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $39,000. IFP Advisors Inc boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 148.5% in the third quarter. IFP Advisors Inc now owns 420 shares of the company’s stock valued at $39,000 after buying an additional 251 shares during the period. WPG Advisers LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 585.1% during the third quarter. WPG Advisers LLC now owns 459 shares of the company’s stock worth $42,000 after acquiring an additional 392 shares in the last quarter. Finally, Signaturefd LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $43,000. 92.26% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.