Liberty Media Formula One Series C (FWONK) Receives $43.33 Consensus Target Price from Analysts

Shares of Liberty Media Formula One Series C (NASDAQ:FWONK) have received a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.20.

Several brokerages have recently issued reports on FWONK. Zacks Investment Research raised Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, October 10th. ValuEngine cut Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Goldman Sachs Group initiated coverage on Liberty Media Formula One Series C in a report on Tuesday, October 9th. They issued a “neutral” rating and a $39.00 target price on the stock.

Shares of FWONK stock opened at $32.66 on Wednesday. Liberty Media Formula One Series C has a 12-month low of $28.37 and a 12-month high of $39.62. The stock has a market capitalization of $7.87 billion, a PE ratio of 26.99 and a beta of 1.44.

Liberty Media Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Wednesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. The firm had revenue of $585.00 million during the quarter, compared to the consensus estimate of $602.28 million. On average, research analysts anticipate that Liberty Media Formula One Series C will post -0.26 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Jackson Square Partners LLC grew its stake in shares of Liberty Media Formula One Series C by 10.7% during the third quarter. Jackson Square Partners LLC now owns 1,820,075 shares of the company’s stock valued at $67,688,000 after buying an additional 175,233 shares during the last quarter. Gluskin Sheff & Assoc Inc. grew its stake in shares of Liberty Media Formula One Series C by 22.7% during the third quarter. Gluskin Sheff & Assoc Inc. now owns 519,602 shares of the company’s stock valued at $19,324,000 after buying an additional 95,994 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Liberty Media Formula One Series C by 41.7% during the third quarter. Janus Henderson Group PLC now owns 10,253,721 shares of the company’s stock valued at $381,341,000 after buying an additional 3,018,506 shares during the last quarter. Global Endowment Management LP bought a new position in shares of Liberty Media Formula One Series C during the third quarter valued at approximately $313,000. Finally, Rational Advisors LLC bought a new position in shares of Liberty Media Formula One Series C during the third quarter valued at approximately $6,369,000. 89.36% of the stock is currently owned by institutional investors.

Liberty Media Formula One Series C 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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