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) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.39 and last traded at $95.05, with a volume of 79267 shares trading hands. The stock had previously closed at $93.92.

Wall Street Analyst Weigh In

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

Liberty Media Corporation - Liberty Formula One Series A Stock Up 1.0%

The firm has a fifty day moving average of $85.52 and a 200-day moving average of $84.35. The firm has a market cap of $23.65 billion, a P/E ratio of -237.05 and a beta of 0.49.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $400.00 million during the quarter, compared to the consensus estimate of $440.80 million. Sell-side analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.

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

In other Liberty Media Corporation - Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the transaction, the director now owns 93,102 shares of the company's stock, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.97% of the company's stock.

Institutional Investors Weigh In On Liberty Media Corporation - Liberty Formula One Series A

Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 67.2% during the fourth quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock worth $56,000 after purchasing an additional 266 shares during the last quarter. Strs Ohio bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series A in the 1st quarter valued at about $2,232,000. Quantbot Technologies LP increased its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 61.6% in the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock valued at $196,000 after acquiring an additional 916 shares during the last quarter. Gabelli Funds LLC raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 2.3% during the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock worth $9,381,000 after acquiring an additional 2,625 shares in the last quarter. Finally, S&CO Inc. raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 1.0% during the first quarter. S&CO Inc. now owns 67,554 shares of the company's stock worth $5,503,000 after acquiring an additional 660 shares in the last quarter. 8.38% of the stock is owned by institutional investors.

About Liberty Media Corporation - Liberty Formula One Series A

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.

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