Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Reaches New 1-Year High on Analyst Upgrade

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA)’s stock price hit a new 52-week high during mid-day trading on Wednesday after TD Cowen raised their price target on the stock from $107.00 to $113.00. TD Cowen currently has a buy rating on the stock. Liberty Media Corporation – Liberty Formula One Series A traded as high as $104.71 and last traded at $104.3190, with a volume of 13,751 shares changing hands. The stock had previously closed at $103.87.

A number of other analysts have also recently issued reports on FWONA. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Finally, Guggenheim raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.25.

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

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.4% in the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock valued at $118,593,000 after acquiring an additional 191,619 shares during the period. Madison Asset Management LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth about $131,567,000. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock worth $78,560,000 after purchasing an additional 10,603 shares during the period. Bank of New York Mellon Corp bought a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth about $56,066,000. Finally, Hawk Ridge Capital Management LP lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 47.3% during the first quarter. Hawk Ridge Capital Management LP now owns 441,500 shares of the company’s stock worth $34,472,000 after purchasing an additional 141,700 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.0%

The business has a fifty day simple moving average of $87.32 and a two-hundred day simple moving average of $84.87. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 119.35 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.