Liberty Media Formula One Series A (NASDAQ:FWONA) Sets New 1-Year High at $39.59

Liberty Media Formula One Series A (NASDAQ:FWONA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.59 and last traded at $39.35, with a volume of 1593 shares changing hands. The stock had previously closed at $39.06.

Several equities research analysts have recently commented on FWONA shares. B. Riley raised Liberty Media Formula One Series A from a “neutral” rating to a “buy” rating and increased their price objective for the company from $35.00 to $46.00 in a report on Thursday, May 16th. Evercore ISI started coverage on Liberty Media Formula One Series A in a report on Thursday, May 23rd. They issued an “outperform” rating and a $40.00 price objective for the company. TheStreet raised Liberty Media Formula One Series A from a “d+” rating to a “c” rating in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $50.00 in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Liberty Media Formula One Series A presently has a consensus rating of “Buy” and a consensus price target of $43.50.

The company has a market cap of $9.04 billion, a price-to-earnings ratio of -60.69 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a fifty day moving average price of $37.15 and a 200 day moving average price of $35.41.

Liberty Media Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.33) EPS for the quarter. The company had revenue of $620.00 million during the quarter. Liberty Media Formula One Series A had a negative net margin of 18.41% and a negative return on equity of 1.64%. On average, analysts expect that Liberty Media Formula One Series A will post -0.55 EPS for the current fiscal year.

In related news, Director Andrea L. Wong sold 1,741 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $26.51, for a total value of $46,153.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hedge funds have recently bought and sold shares of the business. Cardan Capital Partners LLC bought a new position in Liberty Media Formula One Series A during the 2nd quarter worth $244,000. Millennium Management LLC bought a new position in Liberty Media Formula One Series A during the 4th quarter worth $368,000. Norges Bank bought a new position in Liberty Media Formula One Series A during the 4th quarter worth $21,120,000. Williams Jones & Associates LLC bought a new position in Liberty Media Formula One Series A during the 1st quarter worth $250,000. Finally, Royal London Asset Management Ltd. bought a new position in Liberty Media Formula One Series A during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 10.00% of the company’s stock.

Liberty Media Formula One Series A Company Profile (NASDAQ:FWONA)

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.

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