Liberty Media Formula One Series A (FWONA) Upgraded to “Buy” by ValuEngine

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ValuEngine upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Liberty Media Formula One Series A from a hold rating to a sell rating in a research note on Thursday, September 6th. Pivotal Research reissued a buy rating and set a $49.00 target price on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th. Goldman Sachs Group initiated coverage on shares of Liberty Media Formula One Series A in a research note on Tuesday, October 9th. They set a hold rating and a $39.00 target price for the company. Macquarie reissued a buy rating and set a $39.00 target price on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Finally, Citigroup lifted their target price on shares of Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a buy rating in a research note on Thursday, August 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $41.00.

Shares of NASDAQ:FWONA traded up $1.72 during trading on Friday, reaching $31.25. 198,339 shares of the company traded hands, compared to its average volume of 172,290. The firm has a market capitalization of $6.82 billion, a P/E ratio of 25.83 and a beta of 1.34. Liberty Media Formula One Series A has a 1-year low of $27.22 and a 1-year high of $37.32. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60.

In other news, CEO Gregory B. Maffei bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were purchased at an average price of $30.29 per share, for a total transaction of $106,015.00. Following the acquisition, the chief executive officer now directly owns 380,219 shares of the company’s stock, valued at approximately $11,516,833.51. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al bought 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average price of $25.89 per share, for a total transaction of $207,120.00. The disclosure for this purchase can be found here. Insiders have bought a total of 17,900 shares of company stock worth $470,511 in the last 90 days. 5.34% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FWONA. Aperio Group LLC raised its holdings in Liberty Media Formula One Series A by 67.4% in the 2nd quarter. Aperio Group LLC now owns 17,984 shares of the company’s stock worth $635,000 after acquiring an additional 7,243 shares during the period. Alps Advisors Inc. increased its holdings in shares of Liberty Media Formula One Series A by 4.6% during the 2nd quarter. Alps Advisors Inc. now owns 124,425 shares of the company’s stock worth $4,393,000 after purchasing an additional 5,475 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of Liberty Media Formula One Series A by 32.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 806,850 shares of the company’s stock worth $28,490,000 after purchasing an additional 199,101 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Liberty Media Formula One Series A by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,407 shares of the company’s stock worth $3,016,000 after purchasing an additional 4,198 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Liberty Media Formula One Series A during the 2nd quarter worth about $576,000. Hedge funds and other institutional investors own 9.10% of the company’s stock.

Liberty Media Formula One Series A Company Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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