Liberty Media Corporation – Liberty Formula One Series A (FWONA) Expected to Announce Earnings on Wednesday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is anticipated to release its results before the market opens on Wednesday, November 5th. Analysts expect Liberty Media Corporation – Liberty Formula One Series A to post earnings of $0.60 per share and revenue of $1.0520 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $1.00. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. On average, analysts expect Liberty Media Corporation – Liberty Formula One Series A to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.4%

FWONA traded up $0.37 on Tuesday, reaching $91.00. 3,051 shares of the company traded hands, compared to its average volume of 104,026. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52. The firm has a fifty day simple moving average of $92.19 and a two-hundred day simple moving average of $89.97. The company has a market cap of $22.70 billion, a P/E ratio of 89.42 and a beta of 0.52.

Analyst Ratings Changes

A number of brokerages recently weighed in on FWONA. Zacks Research lowered shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, October 8th. Finally, Guggenheim upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has an average rating of “Moderate Buy” and an average price target of $103.00.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 5,651 shares of company stock valued at $572,250. 2.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Sculptor Capital LP increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after purchasing an additional 12,786 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. grew its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after buying an additional 7,113 shares during the period. Bamco Inc. NY grew its position in Liberty Media Corporation – Liberty Formula One Series A by 10.1% during the second quarter. Bamco Inc. NY now owns 333,317 shares of the company’s stock valued at $31,652,000 after buying an additional 30,637 shares during the period. Qube Research & Technologies Ltd grew its position in Liberty Media Corporation – Liberty Formula One Series A by 2.9% during the second quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock valued at $15,112,000 after buying an additional 4,459 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter valued at $3,530,000. Institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.