Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Now Rated “Buy” by Wall Street Analysts

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given a consensus rating of “Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $114.67.

Several research analysts have recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Finally, Guggenheim lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 14th.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.3%

NASDAQ:FWONA opened at $86.39 on Tuesday. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $98.79. The firm has a market capitalization of $21.64 billion, a price-to-earnings ratio of 127.04 and a beta of 0.53. The stock has a fifty day simple moving average of $89.78 and a 200 day simple moving average of $86.16.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $954.37 million.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock valued at $12,475,000 after buying an additional 13,908 shares during the period. Bank of New York Mellon Corp acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth about $4,033,000. Gabelli Funds LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 13.8% during the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after acquiring an additional 17,950 shares during the period. S&CO Inc. purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at about $5,624,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% in the 2nd quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock valued at $15,271,000 after purchasing an additional 170,295 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Group is represented by the Liberty Formula One Series A tracking stock, traded under the symbol FWONA on the Nasdaq. The group primarily reflects Liberty Media’s ownership and operation of Formula 1, the global motorsport championship. Its business includes managing Formula 1’s commercial rights, promoting races, negotiating media and sponsorship agreements, and developing licensing and hospitality opportunities associated with the sport.

Formula 1 serves an international audience through a calendar of races hosted across Europe, the Americas, Asia, the Middle East and Australia.