Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $96.40 and last traded at $95.36, with a volume of 6456 shares trading hands. The stock had previously closed at $95.52.
Analyst Ratings Changes
Several research analysts have weighed in on FWONA shares. Sanford C. Bernstein began coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price objective on the stock. 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. Benchmark reissued a "buy" rating and set a $102.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Thursday, June 12th. Finally, 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 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series A has an average rating of "Moderate Buy" and an average target price of $101.25.
Check Out Our Latest Analysis on FWONA
Liberty Media Corporation - Liberty Formula One Series A Stock Performance
The business has a fifty day moving average of $88.16 and a 200-day moving average of $84.82. The company has a market capitalization of $23.29 billion, a P/E ratio of -233.44 and a beta of 0.53.
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 for the quarter, topping the consensus estimate 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. Sell-side analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.
Insider Activity at Liberty Media Corporation - Liberty Formula One Series A
In related news, Director Chase Carey sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 93,102 shares of the company's stock, valued at $8,973,170.76. This represents a 51.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.97% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series A
Institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A in the 1st quarter worth $2,232,000. Janney Montgomery Scott LLC increased its position in Liberty Media Corporation - Liberty Formula One Series A by 74.0% in the first quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after buying an additional 7,811 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.3% during the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock valued at $9,381,000 after buying an additional 2,625 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock valued at $4,835,000 after acquiring an additional 1,300 shares during the period. Finally, Quantbot Technologies LP increased 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 acquiring an additional 916 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors.
About Liberty Media Corporation - Liberty Formula One Series A
(
Get Free Report)
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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