Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Reaches New 1-Year High - Here's Why

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $95.39 and last traded at $95.05, with a volume of 79267 shares traded. The stock had previously closed at $93.92.

Wall Street Analyst Weigh In

FWONA has been the subject of a number of recent analyst reports. Susquehanna initiated coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, April 28th. They issued a "positive" rating and a $115.00 target price for the company. Guggenheim reissued a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, March 3rd. Sanford C. Bernstein initiated coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 target price for the company. Benchmark reissued a "buy" rating and issued a $102.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. Finally, Seaport Res Ptn raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $101.25.

Liberty Media Corporation - Liberty Formula One Series A Trading Up 0.6%

The stock has a 50 day simple moving average of $87.17 and a 200-day simple moving average of $84.66. The firm has a market capitalization of $23.83 billion, a P/E ratio of -238.80 and a beta of 0.49.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $400.00 million for the quarter, compared to the consensus estimate of $440.80 million. As a group, sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Insider Activity at Liberty Media Corporation - Liberty Formula One Series A

In related news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total transaction of $9,638,000.00. Following the completion of the transaction, the director now directly owns 93,102 shares in the company, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 67.2% in the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock worth $56,000 after purchasing an additional 266 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 61.6% in the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock worth $196,000 after purchasing an additional 916 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 74.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after purchasing an additional 7,811 shares in the last quarter. Strs Ohio purchased a new position in Liberty Media Corporation - Liberty Formula One Series A in the 1st quarter worth approximately $2,232,000. Finally, Bank of New York Mellon Corp lifted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after purchasing an additional 1,300 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors.

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.