Liberty Media Formula One Series A (FWONA) Raised to Buy at B. Riley

B. Riley upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a neutral rating to a buy rating in a research report report published on Thursday, Benzinga reports. They currently have $46.00 price objective on the stock, up from their previous price objective of $35.00.

A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Liberty Media Formula One Series A from a sell rating to a hold rating in a research report on Friday, January 25th. Macquarie reiterated a buy rating and set a $43.00 target price on shares of Liberty Media Formula One Series A in a research report on Tuesday, April 16th. Pivotal Research reiterated a buy rating and set a $43.00 target price on shares of Liberty Media Formula One Series A in a research report on Friday, March 1st. Finally, ValuEngine upgraded shares of Liberty Media Formula One Series A from a buy rating to a strong-buy rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $41.50.

NASDAQ:FWONA traded down $0.11 on Thursday, reaching $37.44. The stock had a trading volume of 1,145 shares, compared to its average volume of 65,719. The firm has a market cap of $8.49 billion, a PE ratio of -57.54 and a beta of 1.03. Liberty Media Formula One Series A has a 1-year low of $26.63 and a 1-year high of $38.43. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 0.60.

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

In other news, insider Richard N. Baer sold 19,988 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $41.51, for a total transaction of $829,701.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ingalls & Snyder LLC increased its stake in Liberty Media Formula One Series A by 2.9% in the first quarter. Ingalls & Snyder LLC now owns 17,906 shares of the company’s stock valued at $610,000 after purchasing an additional 507 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Liberty Media Formula One Series A by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 141,789 shares of the company’s stock valued at $4,214,000 after purchasing an additional 773 shares in the last quarter. Metropolitan Life Insurance Co NY increased its position in shares of Liberty Media Formula One Series A by 142.1% during the first quarter. Metropolitan Life Insurance Co NY now owns 1,477 shares of the company’s stock worth $95,000 after acquiring an additional 867 shares in the last quarter. Loeb Partners Corp bought a new stake in shares of Liberty Media Formula One Series A during the fourth quarter worth $26,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Liberty Media Formula One Series A during the fourth quarter worth $27,000. 10.31% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Support Level

Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

Receive News & Ratings for Liberty Media Formula One Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Formula One Series A and related companies with MarketBeat.com's FREE daily email newsletter.