Liberty Media Formula One Series A (NASDAQ:FWONA) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $42.00.

Several analysts have recently issued reports on FWONA shares. Zacks Investment Research raised Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine raised Liberty Media Formula One Series A from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th.

FWONA stock traded down $0.48 during trading hours on Wednesday, hitting $30.01. 982 shares of the stock were exchanged, compared to its average volume of 151,159. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 24.86 and a beta of 0.99. Liberty Media Formula One Series A has a 12 month low of $26.63 and a 12 month high of $37.32.

Liberty Media Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $647.00 million for the quarter, compared to the consensus estimate of $690.00 million. Liberty Media Formula One Series A had a return on equity of 2.00% and a net margin of 23.43%. Research analysts expect that Liberty Media Formula One Series A will post -0.38 EPS for the current year.

In other news, major shareholder Art L.P. Ancient bought 25,000 shares of the company’s stock in a transaction on Thursday, January 24th. The stock was purchased at an average cost of $29.88 per share, for a total transaction of $747,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory B. Maffei bought 3,500 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was purchased at an average price of $30.29 per share, with a total value 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. Insiders purchased 35,900 shares of company stock worth $1,035,211 over the last ninety days. 4.68% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Loeb Partners Corp acquired a new stake in Liberty Media Formula One Series A in the fourth quarter valued at approximately $26,000. Oppenheimer Asset Management Inc. acquired a new stake in Liberty Media Formula One Series A in the fourth quarter valued at approximately $27,000. We Are One Seven LLC acquired a new stake in Liberty Media Formula One Series A in the fourth quarter valued at approximately $52,000. Bank of Montreal Can grew its stake in Liberty Media Formula One Series A by 85.2% in the fourth quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock valued at $66,000 after acquiring an additional 1,023 shares during the period. Finally, Great Lakes Advisors LLC purchased a new position in shares of Liberty Media Formula One Series A during the third quarter valued at approximately $201,000. Institutional investors own 10.12% 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.

Further Reading: Mutual Funds

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