Liberty Media Corporation - Liberty Formula One Series C (FWONK) Projected to Post Quarterly Earnings on Thursday

Key Points

• Liberty Media — Formula One Series C is expected to report quarterly results before the market opens on May 7, with analysts forecasting EPS of ($0.07) and revenue of about $681.85 million.
• FWONK opened at $85.09 (1‑year range $80.15–$109.36) and has a market cap of $19.07 billion and a PE of 38.68; analysts’ consensus is a Moderate Buy with a $110.78 target amid mixed recent rating changes.
• Institutional investors own 92.26% of the stock, and several funds have made small recent additions or new positions.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) is anticipated to release its results before the market opens on Thursday, May 7th. Analysts expect Liberty Media Corporation - Liberty Formula One Series C to post earnings of ($0.07) per share and revenue of $681.8470 million for the quarter.

Liberty Media Corporation - Liberty Formula One Series C Trading Down 1.1%

FWONK stock opened at $85.09 on Thursday. Liberty Media Corporation - Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36. The business's 50 day simple moving average is $86.78 and its 200 day simple moving average is $91.54. The firm has a market capitalization of $19.07 billion, a PE ratio of 38.68, a PEG ratio of 15.50 and a beta of 0.53.

Analyst Ratings Changes

Several equities research analysts have issued reports on FWONK shares. UBS Group cut their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $107.00 to $104.00 and set a "neutral" rating for the company in a research report on Wednesday, April 15th. Wall Street Zen lowered Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Friday, March 27th. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $110.00 to $111.00 in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Liberty Media Corporation - Liberty Formula One Series C from $122.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 172.5% in the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company's stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Advisory Services Network LLC acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the 3rd quarter worth approximately $34,000. Headlands Technologies LLC acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter worth approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at approximately $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Liberty Media Corporation - Liberty Formula One Series C by 70.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company's stock valued at $42,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 92.26% of the company's stock.

About Liberty Media Corporation - Liberty Formula One Series C

Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK is a tracking stock that represents Liberty Media's economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world's largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.

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