Liberty Media Co. – Series A Liberty Formula One (FWONA) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) from a hold rating to a sell rating in a report published on Wednesday.

A number of other equities analysts have also weighed in on the stock. FBN Securities upgraded shares of Liberty Media Co. – Series A Liberty Formula One from a sector perform rating to a buy rating in a research report on Monday, December 11th. Morgan Stanley upgraded shares of Liberty Media Co. – Series A Liberty Formula One from an equal rating to a weight rating in a research report on Tuesday, January 30th. Citigroup reiterated a buy rating and set a $44.00 target price on shares of Liberty Media Co. – Series A Liberty Formula One in a research report on Friday, December 22nd. B. Riley increased their target price on shares of Liberty Media Co. – Series A Liberty Formula One from $33.00 to $35.00 and gave the stock a neutral rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research lowered shares of Liberty Media Co. – Series A Liberty Formula One from a hold rating to a sell rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $41.57.

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Liberty Media Co. – Series A Liberty Formula One (NASDAQ FWONA) opened at $31.60 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7,294.01, a PE ratio of 33.62 and a beta of 1.40. Liberty Media Co. – Series A Liberty Formula One has a 1 year low of $29.84 and a 1 year high of $39.37.

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) last issued its earnings results on Thursday, March 1st. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $2.03. Liberty Media Co. – Series A Liberty Formula One had a net margin of 14.30% and a return on equity of 1.19%. sell-side analysts expect that Liberty Media Co. – Series A Liberty Formula One will post -0.54 EPS for the current fiscal year.

In other news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total value of $152,142.01. Following the sale, the director now directly owns 8,127 shares of the company’s stock, valued at $321,910.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.34% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can purchased a new stake in Liberty Media Co. – Series A Liberty Formula One in the third quarter valued at approximately $105,000. The Manufacturers Life Insurance Company purchased a new stake in Liberty Media Co. – Series A Liberty Formula One in the second quarter valued at approximately $105,000. Public Employees Retirement Association of Colorado purchased a new stake in Liberty Media Co. – Series A Liberty Formula One in the third quarter valued at approximately $204,000. CIBC Asset Management Inc purchased a new stake in Liberty Media Co. – Series A Liberty Formula One in the third quarter valued at approximately $253,000. Finally, Voya Investment Management LLC purchased a new stake in Liberty Media Co. – Series A Liberty Formula One in the second quarter valued at approximately $243,000. 9.90% of the stock is currently owned by hedge funds and other institutional investors.

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Liberty Media Co. – Series A Liberty Formula One Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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