Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Rating Upgraded by Zacks Research

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Several other equities analysts also recently issued reports on FWONK. Bank of America increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Guggenheim raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 17th. UBS Group lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They set a “buy” rating and a $115.00 price target for the company. Finally, Sanford C. Bernstein boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.29.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.3%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.90 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $107.31. The firm has a market capitalization of $20.39 billion, a price-to-earnings ratio of 133.68 and a beta of 0.46. The firm has a 50-day moving average price of $97.69 and a two-hundred day moving average price of $93.88.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced 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 business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. Research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Generate Investment Management Ltd acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth approximately $4,439,000. Cooper Investors PTY Ltd. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 167.4% during the third quarter. Cooper Investors PTY Ltd. now owns 312,499 shares of the company’s stock valued at $28,875,000 after acquiring an additional 195,639 shares during the period. Lincoln Capital LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.0% during the third quarter. Lincoln Capital LLC now owns 87,968 shares of the company’s stock valued at $8,150,000 after acquiring an additional 3,373 shares during the period. GAMMA Investing LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.8% during the third quarter. GAMMA Investing LLC now owns 5,020 shares of the company’s stock valued at $464,000 after acquiring an additional 1,528 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 18.8% during the third quarter. Farther Finance Advisors LLC now owns 1,123 shares of the company’s stock worth $104,000 after purchasing an additional 178 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.