Liberty Media Corporation - Liberty Formula One Series A (FWONA) to Release Earnings on Thursday

Key Points

• FWONA will report before the market opens on Thursday, May 7; analysts expect EPS of ($0.0820) and revenue of $671.909 million for the quarter.
• Shares opened at $78.38 (down about 1.5%), with a market capitalization of $19.63 billion, a PE of 35.63, and a 52‑week range of $73.70 to $99.52.
• Wall Street has a consensus "Moderate Buy" with a target price of $102.40, and several hedge funds/institutions have recently added to positions (institutional ownership ~8.38%).

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) is projected to post its results before the market opens on Thursday, May 7th. Analysts expect Liberty Media Corporation - Liberty Formula One Series A to post earnings of ($0.0820) per share and revenue of $671.9090 million for the quarter.

Liberty Media Corporation - Liberty Formula One Series A Stock Down 1.5%

Shares of FWONA stock opened at $78.38 on Thursday. The stock has a market capitalization of $19.63 billion, a PE ratio of 35.63 and a beta of 0.59. Liberty Media Corporation - Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $99.52. The stock's 50-day moving average price is $79.57 and its 200 day moving average price is $83.80.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Friday, March 27th. Citizens Jmp assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, March 30th. They issued a "market outperform" rating and a $100.00 price objective on the stock. Citigroup dropped their price objective on shares of Liberty Media Corporation - Liberty Formula One Series A from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Wednesday, March 25th. Finally, Zacks Research cut shares of Liberty Media Corporation - Liberty Formula One Series A from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $102.40.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FWONA. KKM Financial LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the 4th quarter worth $18,547,000. Hawk Ridge Capital Management LP acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the 3rd quarter worth $14,953,000. Amundi grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 420.4% during the 4th quarter. Amundi now owns 71,214 shares of the company's stock worth $6,365,000 after purchasing an additional 57,529 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the 2nd quarter worth $3,530,000. Finally, UBS Group AG grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 45.3% during the 3rd quarter. UBS Group AG now owns 117,073 shares of the company's stock worth $11,148,000 after purchasing an additional 36,525 shares during the period. 8.38% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A NASDAQ: FWONA is a tracking stock that represents Liberty Media's economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media's other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.