Liberty Media Formula One Series A (NASDAQ:FWONA) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.75.

Several research analysts have weighed in on FWONA shares. ValuEngine lowered Liberty Media Formula One Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Macquarie reiterated a “buy” rating and set a $39.00 target price on shares of Liberty Media Formula One Series A in a report on Sunday, August 12th. Zacks Investment Research lowered Liberty Media Formula One Series A from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Citigroup lifted their target price on Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, Goldman Sachs Group started coverage on Liberty Media Formula One Series A in a report on Tuesday, October 9th. They set a “hold” rating and a $39.00 target price on the stock.

Shares of Liberty Media Formula One Series A stock opened at $30.18 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.59. Liberty Media Formula One Series A has a 12 month low of $27.22 and a 12 month high of $37.93. The firm has a market cap of $6.97 billion, a P/E ratio of 24.94 and a beta of 1.31.

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

In other Liberty Media Formula One Series A news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Media Formula One Series A stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total transaction of $2,011,010.51. Following the transaction, the insider now directly owns 24,972 shares in the company, valued at $916,722.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.34% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. First Capital Advisors Group LLC. lifted its holdings in shares of Liberty Media Formula One Series A by 69.0% in the third quarter. First Capital Advisors Group LLC. now owns 11,113 shares of the company’s stock valued at $395,000 after purchasing an additional 4,536 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Liberty Media Formula One Series A by 50.5% in the third quarter. Ingalls & Snyder LLC now owns 14,287 shares of the company’s stock valued at $508,000 after purchasing an additional 4,793 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Liberty Media Formula One Series A by 5.7% in the second quarter. Northern Trust Corp now owns 195,034 shares of the company’s stock valued at $6,886,000 after purchasing an additional 10,475 shares in the last quarter. Laurel Wealth Advisors Inc. bought a new stake in shares of Liberty Media Formula One Series A in the second quarter valued at about $231,000. Finally, K2 Principal Fund L.P. lifted its holdings in shares of Liberty Media Formula One Series A by 12.5% in the second quarter. K2 Principal Fund L.P. now owns 90,000 shares of the company’s stock valued at $3,178,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 10.15% 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.

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

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