Liberty Media Co. – Series A Liberty Formula One’s (NASDAQ:FWONA) “Buy” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their buy rating on shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) in a research note released on Friday, December 22nd. They currently have a $44.00 price target on the stock.

A number of other equities analysts also recently commented on the stock. FBN Securities upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a sector perform rating to a buy rating in a report on Monday, December 11th. B. Riley restated a hold rating and set a $36.00 price objective on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Tuesday, November 21st. Macquarie reiterated a buy rating and issued a $45.00 target price on shares of Liberty Media Co. – Series A Liberty Formula One in a research report on Thursday, October 5th. JPMorgan Chase & Co. began coverage on Liberty Media Co. – Series A Liberty Formula One in a research report on Tuesday, October 3rd. They issued a hold rating and a $38.00 target price on the stock. Finally, Bank of America began coverage on Liberty Media Co. – Series A Liberty Formula One in a research report on Thursday, September 28th. They issued a buy rating and a $45.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $40.00.

Shares of Liberty Media Co. – Series A Liberty Formula One (FWONA) opened at $33.20 on Friday. The stock has a market cap of $7,477.68, a price-to-earnings ratio of -87.37 and a beta of 1.40. Liberty Media Co. – Series A Liberty Formula One has a one year low of $27.63 and a one year high of $39.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.43.

In other Liberty Media Co. – Series A Liberty Formula One news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. Following the completion of the sale, the director now directly owns 8,127 shares of the company’s stock, valued at approximately $321,910.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $43.28, for a total value of $779,040.00. Following the completion of the sale, the chairman now directly owns 14,523,102 shares of the company’s stock, valued at $628,559,854.56. The disclosure for this sale can be found here. 5.34% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FWONA. The Manufacturers Life Insurance Company purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the 2nd quarter worth $105,000. Great West Life Assurance Co. Can purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the 3rd quarter worth $105,000. Legal & General Group Plc purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the 2nd quarter worth $109,000. Howard Hughes Medical Institute purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the 2nd quarter worth $132,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 9.84% of the company’s stock.

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About Liberty Media Co. – Series A Liberty Formula One

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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

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