Liberty Media Formula One Series A (NASDAQ:FWONA) Stock Rating Lowered by FBN Securities

Liberty Media Formula One Series A (NASDAQ:FWONA) was downgraded by analysts at FBN Securities from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday, Briefing.com Automated Import reports.

Several other brokerages have also issued reports on FWONA. Evercore ISI started coverage on Liberty Media Formula One Series A in a report on Thursday, May 23rd. They set an “outperform” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series A from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $50.00 in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.50.

Shares of Liberty Media Formula One Series A stock opened at $40.26 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $38.86 and its 200-day simple moving average is $36.62. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of -61.94 and a beta of 0.91. Liberty Media Formula One Series A has a twelve month low of $26.63 and a twelve month high of $40.81.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $620.00 million for the quarter. Liberty Media Formula One Series A had a negative return on equity of 1.64% and a negative net margin of 18.41%.

In related news, SVP Brian J. Wendling sold 14,533 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $38.47, for a total value of $559,084.51. Following the completion of the transaction, the senior vice president now owns 6,079 shares in the company, valued at approximately $233,859.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Albert E. Rosenthaler sold 3,398 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $28.22, for a total transaction of $95,891.56. Following the completion of the transaction, the insider now owns 9,990 shares of the company’s stock, valued at approximately $281,917.80. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of FWONA. Susquehanna International Group LLP boosted its stake in Liberty Media Formula One Series A by 488.7% in the 2nd quarter. Susquehanna International Group LLP now owns 60,633 shares of the company’s stock worth $2,174,000 after purchasing an additional 50,333 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Liberty Media Formula One Series A in the 2nd quarter valued at about $3,116,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Liberty Media Formula One Series A by 51.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 62,736 shares of the company’s stock valued at $2,250,000 after purchasing an additional 21,326 shares during the period. Jefferies Group LLC bought a new stake in shares of Liberty Media Formula One Series A in the 2nd quarter valued at about $611,000. Finally, Vanguard Group Inc. raised its holdings in shares of Liberty Media Formula One Series A by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,373,189 shares of the company’s stock valued at $85,102,000 after purchasing an additional 37,865 shares during the period. Institutional investors own 9.74% of the company’s stock.

Liberty Media Formula One Series A Company Profile

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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

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