Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Upgraded at Zacks Research

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Citizens Jmp started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 target price for the company. Citigroup upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Buy” and an average price target of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

NASDAQ:FWONA opened at $83.87 on Tuesday. The stock has a market cap of $21.01 billion, a P/E ratio of 38.47 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The company has a fifty day moving average price of $79.81 and a 200 day moving average price of $83.24.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

A number of hedge funds have recently made changes to their positions in the business. State of Wyoming raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.1% in the 1st quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $114,000 after buying an additional 587 shares in the last quarter. CI Investments Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 44.4% in the 1st quarter. CI Investments Inc. now owns 65,049 shares of the company’s stock valued at $5,079,000 after buying an additional 20,006 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 56.9% in the 1st quarter. First Trust Advisors LP now owns 3,958 shares of the company’s stock valued at $309,000 after buying an additional 1,435 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,380 shares of the company’s stock valued at $342,000 after buying an additional 457 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 42.1% in the 1st quarter. Sanctuary Advisors LLC now owns 15,211 shares of the company’s stock valued at $1,188,000 after buying an additional 4,510 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.