Liberty Media Corporation – Liberty Formula One Series A (FWONA) Projected to Announce Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) will likely be issuing its results before the market opens on Thursday, August 6th. Analysts expect Liberty Media Corporation – Liberty Formula One Series A to post earnings of $0.2489 per share and revenue of $955.4540 million for the quarter.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of FWONA stock opened at $89.21 on Tuesday. The firm has a market cap of $22.35 billion, a PE ratio of 40.92 and a beta of 0.49. The company has a 50-day moving average of $86.69 and a two-hundred day moving average of $82.53. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $99.52.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FWONA. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Citizens Jmp reissued a “market outperform” rating and set a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Thursday, July 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Buy” and an average price target of $110.00.

Insider Activity

In other news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the last quarter. Global Retirement Partners LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock worth $44,000 after buying an additional 371 shares during the last quarter. State of Wyoming acquired a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth approximately $66,000. Kestra Advisory Services LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter worth approximately $90,000. Finally, California State Teachers Retirement System lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 18.3% in the second quarter. California State Teachers Retirement System now owns 1,431 shares of the company’s stock valued at $136,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors 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.