Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Sets New 1-Year High - Time to Buy?

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $96.40 and last traded at $95.36, with a volume of 6456 shares changing hands. The stock had previously closed at $95.52.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Guggenheim restated a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, March 3rd. Benchmark restated a "buy" rating and set a $102.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Thursday, June 12th. Susquehanna began coverage on Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, April 28th. They issued a "positive" rating and a $115.00 price target 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 report on Saturday, March 15th. Finally, Sanford C. Bernstein started coverage on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $101.25.

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

The business's 50 day simple moving average is $87.17 and its two-hundred day simple moving average is $84.65. The stock has a market cap of $23.92 billion, a P/E ratio of -238.79 and a beta of 0.49.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 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 analyst estimates of $440.80 million. As a group, research analysts forecast that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction 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 in the company, valued at $8,973,170.76. The trade was 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 hyperlink. Insiders own 2.97% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in Liberty Media Corporation - Liberty Formula One Series A by 67.2% in 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 period. Quantbot Technologies LP lifted its holdings in shares of 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 shares of 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 acquired a new stake in Liberty Media Corporation - Liberty Formula One Series A in the 1st quarter valued at $2,232,000. Finally, Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 1,300 shares in the last quarter. 8.38% of the stock is 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.

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