Liberty Media Formula One Series A (FWONA) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other research firms also recently issued reports on FWONA. Pivotal Research restated a buy rating and issued a $49.00 price target on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th. Zacks Investment Research downgraded Liberty Media Formula One Series A from a hold rating to a sell rating in a research note on Thursday, September 6th. Goldman Sachs Group assumed coverage on Liberty Media Formula One Series A in a research note on Tuesday, October 9th. They issued a hold rating and a $39.00 price target on the stock. Citigroup raised their price target on Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a buy rating in a research note on Thursday, August 16th. Finally, Macquarie restated a buy rating and issued a $39.00 price target on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $41.00.

Shares of FWONA opened at $31.25 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Liberty Media Formula One Series A has a 12 month low of $27.22 and a 12 month high of $37.32. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 25.83 and a beta of 1.34.

In related news, major shareholder Gamco Investors, Inc. Et Al bought 6,400 shares of the stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average cost of $24.59 per share, for a total transaction of $157,376.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory B. Maffei bought 3,500 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were bought at an average price of $30.29 per share, for a total transaction of $106,015.00. Following the completion of the transaction, the chief executive officer now directly owns 380,219 shares of the company’s stock, valued at approximately $11,516,833.51. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,900 shares of company stock worth $470,511. Company insiders own 5.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FWONA. Great Lakes Advisors LLC purchased a new position in Liberty Media Formula One Series A during the third quarter valued at $201,000. Verition Fund Management LLC purchased a new position in Liberty Media Formula One Series A during the third quarter valued at $224,000. Laurel Wealth Advisors Inc. purchased a new position in Liberty Media Formula One Series A during the second quarter valued at $231,000. Blair William & Co. IL lifted its position in Liberty Media Formula One Series A by 78.4% during the third quarter. Blair William & Co. IL now owns 6,828 shares of the company’s stock valued at $243,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Mint Tower Capital Management B.V. purchased a new position in Liberty Media Formula One Series A during the third quarter valued at $267,000. Institutional investors own 9.10% of the company’s stock.

Liberty Media Formula One Series A Company Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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