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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

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

Liberty Media Corporation – Liberty Formula One Series A Trading Up 1.0%

Liberty Media Corporation – Liberty Formula One Series A stock opened at $83.87 on Tuesday. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52. The stock’s 50 day simple moving average is $79.81 and its two-hundred day simple moving average is $83.24. The firm has a market cap of $21.01 billion, a PE ratio of 38.47 and a beta of 0.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FWONA. TD Waterhouse Canada Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Global Retirement Partners LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after purchasing an additional 371 shares during the last quarter. Finally, State of Wyoming acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at $66,000. 8.38% of the stock is owned by institutional investors and hedge funds.

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.