Liberty Media Corporation – Liberty Formula One Series A (FWONA) to Release Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is expected to be announcing its results before the market opens on Thursday, February 26th. Analysts expect Liberty Media Corporation – Liberty Formula One Series A to post earnings of ($0.01) per share and revenue of $1.5491 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $79.63 on Tuesday. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 102.09 and a beta of 0.55. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52. The company’s 50 day simple moving average is $83.18 and its 200-day simple moving average is $87.87.

Analyst Ratings Changes

FWONA has been the topic of several recent analyst reports. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Finally, Benchmark reiterated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series A

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. KKM Financial LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 4th quarter worth about $18,547,000. Hawk Ridge Capital Management LP acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 3rd quarter valued at $14,953,000. Amundi increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 420.4% in the fourth quarter. Amundi now owns 71,214 shares of the company’s stock worth $6,365,000 after purchasing an additional 57,529 shares during the period. Balyasny Asset Management L.P. bought a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth approximately $3,530,000. Finally, UBS Group AG raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 45.3% during the third quarter. UBS Group AG now owns 117,073 shares of the company’s stock valued at $11,148,000 after buying an additional 36,525 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.