Richard N. Baer Sells 19,988 Shares of Liberty Media Formula One Series A (FWONA) Stock
Liberty Media Formula One Series A (NASDAQ:FWONA) insider Richard N. Baer sold 19,988 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $41.51, for a total transaction of $829,701.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ:FWONA opened at $34.17 on Friday. The company has a market capitalization of $7.89 billion, a P/E ratio of -52.57 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.33 and a current ratio of 0.33. Liberty Media Formula One Series A has a fifty-two week low of $26.63 and a fifty-two week high of $37.32.
Several brokerages have recently issued reports on FWONA. Pivotal Research reaffirmed a “buy” rating and issued a $43.00 target price on shares of Liberty Media Formula One Series A in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Finally, ValuEngine upgraded shares of Liberty Media Formula One Series A from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.80.
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Liberty Media Formula One Series A Company Profile
Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.
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