Liberty Media Formula One Series A (FWONA) Research Coverage Started at Evercore ISI

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Evercore ISI began coverage on shares of Liberty Media Formula One Series A (NASDAQ:FWONA) in a research report report published on Thursday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $40.00 price objective on the stock.

Other equities research analysts also recently issued reports about the company. Macquarie reissued a buy rating and issued a $43.00 price objective on shares of Liberty Media Formula One Series A in a research note on Tuesday, April 16th. Pivotal Research reissued a buy rating and issued a $43.00 price objective on shares of Liberty Media Formula One Series A in a research note on Friday, March 1st. B. Riley raised Liberty Media Formula One Series A from a neutral rating to a buy rating and increased their price objective for the stock from $35.00 to $46.00 in a research note on Thursday, May 16th. TheStreet raised Liberty Media Formula One Series A from a d+ rating to a c rating in a research note on Friday, May 17th. Finally, Zacks Investment Research raised Liberty Media Formula One Series A from a sell rating to a hold rating in a research note on Friday, February 15th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $41.29.

Shares of NASDAQ FWONA opened at $37.33 on Thursday. Liberty Media Formula One Series A has a 12 month low of $26.63 and a 12 month high of $38.43. The firm has a market cap of $8.62 billion, a PE ratio of -57.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.44.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its earnings results on Thursday, May 9th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.09). Liberty Media Formula One Series A had a negative net margin of 14.34% and a negative return on equity of 1.25%. The company had revenue of $246.00 million for the quarter. On average, research analysts anticipate that Liberty Media Formula One Series A will post -0.55 earnings per share for the current fiscal year.

In other news, insider Richard N. Baer sold 19,988 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $41.51, for a total transaction of $829,701.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors and hedge funds have recently bought and sold shares of FWONA. Bank of Montreal Can raised its stake in shares of Liberty Media Formula One Series A by 85.2% during the 4th quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock worth $66,000 after purchasing an additional 1,023 shares in the last quarter. Strs Ohio acquired a new position in shares of Liberty Media Formula One Series A during the 4th quarter valued at about $298,000. We Are One Seven LLC acquired a new position in shares of Liberty Media Formula One Series A during the 4th quarter valued at about $52,000. Ingalls & Snyder LLC increased its holdings in shares of Liberty Media Formula One Series A by 21.8% during the 4th quarter. Ingalls & Snyder LLC now owns 17,399 shares of the company’s stock valued at $517,000 after acquiring an additional 3,112 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Media Formula One Series A during the 4th quarter valued at about $27,000. 9.76% of the stock is owned by institutional investors.

About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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