Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Price Down 0.3% – Time to Sell?

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) fell 0.3% on Tuesday. The stock traded as low as $81.02 and last traded at $81.99. 243,599 shares changed hands during trading, The stock had previously closed at $82.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Guggenheim increased their price target 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 note on Friday, August 14th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $114.67.

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

The firm has a 50 day moving average price of $87.78 and a two-hundred day moving average price of $84.35.

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

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

A number of hedge funds have recently made changes to their positions in the business. Evergreen Capital Management LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the third quarter valued at about $1,031,000. GAMMA Investing LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.0% during the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $127,000 after purchasing an additional 148 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 235.5% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after buying an additional 292 shares during the period. CX Institutional purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the third quarter worth about $59,000. Finally, QRG Capital Management Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.2% in the second quarter. QRG Capital Management Inc. now owns 3,895 shares of the company’s stock worth $341,000 after buying an additional 454 shares during the period. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.