ValuEngine upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a strong sell rating to a sell rating in a report released on Monday.

A number of other equities research analysts have also weighed in on FWONA. Zacks Investment Research upgraded Liberty Media Formula One Series A from a hold rating to a strong-buy rating and set a $37.00 price objective for the company in a research note on Tuesday, June 19th. Macquarie restated a buy rating and set a $39.00 price objective on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Finally, Citigroup raised their price objective on Liberty Media Formula One Series A from $39.00 to $41.00 and gave the company a buy rating in a research note on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $39.33.

Shares of NASDAQ FWONA opened at $34.49 on Monday. Liberty Media Formula One Series A has a fifty-two week low of $27.22 and a fifty-two week high of $39.37. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 21.58 and a beta of 1.33.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.53). Liberty Media Formula One Series A had a net margin of 20.90% and a return on equity of 1.66%. The business had revenue of $585.00 million for the quarter, compared to analyst estimates of $642.00 million. equities analysts expect that Liberty Media Formula One Series A will post -0.41 earnings per share for the current fiscal year.

In other news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Media Formula One Series A stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. Following the completion of the transaction, the insider now owns 24,972 shares in the company, valued at approximately $916,722.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.68% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Liberty Media Formula One Series A in the 1st quarter worth approximately $120,000. Laurel Wealth Advisors Inc. bought a new stake in shares of Liberty Media Formula One Series A in the 2nd quarter worth $231,000. First Capital Advisors Group LLC. bought a new stake in shares of Liberty Media Formula One Series A in the 2nd quarter worth $232,000. Legal & General Group Plc raised its stake in shares of Liberty Media Formula One Series A by 108.3% in the 1st quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock worth $194,000 after buying an additional 3,449 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Liberty Media Formula One Series A in the 1st quarter worth $457,000. Institutional investors own 10.16% of the company’s stock.

About Liberty Media Formula One Series A

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

Further Reading: What does earnings per share mean?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

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