Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) Expected to Post Q1 2018 Earnings of ($0.88) Per Share

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) – Equities researchers at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for Liberty Media Co. – Series A Liberty Formula One in a research report issued on Thursday, according to Zacks Investment Research. B. Riley analyst B. Crockett anticipates that the company will post earnings per share of ($0.88) for the quarter. B. Riley currently has a “Hold” rating and a $36.00 target price on the stock. B. Riley also issued estimates for Liberty Media Co. – Series A Liberty Formula One’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.15 EPS.

Several other equities research analysts have also commented on the stock. FBN Securities raised shares of Liberty Media Co. – Series A Liberty Formula One from a “sector perform” rating to a “buy” rating in a research note on Monday, December 11th. Citigroup reissued a “buy” rating and set a $44.00 price objective on shares of Liberty Media Co. – Series A Liberty Formula One in a research note on Friday, December 22nd. Morgan Stanley raised shares of Liberty Media Co. – Series A Liberty Formula One from an “equal” rating to a “weight” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research lowered shares of Liberty Media Co. – Series A Liberty Formula One from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.57.

Shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ FWONA) opened at $33.00 on Monday. The firm has a market cap of $7,353.70, a PE ratio of -86.84 and a beta of 1.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.43. Liberty Media Co. – Series A Liberty Formula One has a 52 week low of $29.84 and a 52 week high of $39.37.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the third quarter valued at approximately $105,000. The Manufacturers Life Insurance Company purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the second quarter valued at approximately $105,000. Legal & General Group Plc purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the second quarter valued at approximately $109,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the third quarter valued at approximately $204,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Liberty Media Co. – Series A Liberty Formula One during the second quarter valued at approximately $220,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

In other Liberty Media Co. – Series A Liberty Formula One news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of Liberty Media Co. – Series A Liberty Formula One stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total value of $152,142.01. Following the completion of the transaction, the director now directly owns 8,127 shares of the company’s stock, valued at $321,910.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.34% of the stock is currently owned by insiders.

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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).

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