Liberty Media Co. – Series A Liberty Formula One (FWONA) Downgraded to “Sell” at Zacks Investment Research

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, January 30th.

According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media Corporation is based in Englewood, Colorado. “

Several other equities research analysts have also issued reports on the stock. Citigroup reissued a “buy” rating and issued a $44.00 price target on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Friday, December 22nd. FBN Securities upgraded 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. Macquarie reiterated a “buy” rating and set a $45.00 price target 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 shares of Liberty Media Co. – Series A Liberty Formula One in a research report on Tuesday, October 3rd. They set a “hold” rating and a $38.00 price target on the stock. Finally, B. Riley reiterated a “hold” rating and set a $36.00 price target on shares of Liberty Media Co. – Series A Liberty Formula One in a research report on Tuesday, November 21st. One investment 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’s stock. Liberty Media Co. – Series A Liberty Formula One has a consensus rating of “Buy” and a consensus price target of $41.57.

Shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ FWONA) opened at $32.56 on Tuesday. Liberty Media Co. – Series A Liberty Formula One has a one year low of $29.84 and a one year high of $39.37. The stock has a market cap of $835.15 and a P/E ratio of -85.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.43 and a quick 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 stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total transaction of $152,142.01. Following the transaction, the director now owns 8,127 shares in the company, valued at approximately $321,910.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.34% of the stock is owned by company insiders.

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

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Liberty Media Co. – Series A Liberty Formula One Company Profile

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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