Liberty Media Co. – Series A Liberty Formula One (FWONA) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) from a sell rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media Corporation is based in Englewood, Colorado. “

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A number of other research firms have also weighed in on FWONA. Morgan Stanley raised shares of Liberty Media Co. – Series A Liberty Formula One from an equal rating to a weight rating in a report on Tuesday, January 30th. ValuEngine lowered shares of Liberty Media Co. – Series A Liberty Formula One from a hold rating to a sell rating in a report on Wednesday, March 7th. Citigroup reissued a buy rating and set a $44.00 price objective on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Friday, December 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Liberty Media Co. – Series A Liberty Formula One has an average rating of Hold and an average price target of $41.57.

Shares of Liberty Media Co. – Series A Liberty Formula One stock traded down $0.52 during trading hours on Friday, hitting $28.39. The company’s stock had a trading volume of 243,906 shares, compared to its average volume of 362,487. Liberty Media Co. – Series A Liberty Formula One has a 1-year low of $27.22 and a 1-year high of $39.37. The firm has a market capitalization of $6,673.09, a P/E ratio of 23.46 and a beta of 1.44. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.58.

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) last released its quarterly earnings data on Thursday, March 1st. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company had revenue of $570.00 million during the quarter, compared to analyst estimates of $565.00 million. research analysts expect that Liberty Media Co. – Series A Liberty Formula One will post -0.63 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in FWONA. Leucadia National Corp bought a new stake in shares of Liberty Media Co. – Series A Liberty Formula One during the 4th quarter worth about $14,595,000. BlackRock Inc. grew its stake in shares of Liberty Media Co. – Series A Liberty Formula One by 15.3% in the 4th quarter. BlackRock Inc. now owns 1,171,836 shares of the company’s stock worth $38,344,000 after purchasing an additional 155,566 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of Liberty Media Co. – Series A Liberty Formula One by 155.2% in the 4th quarter. State of Wisconsin Investment Board now owns 244,744 shares of the company’s stock worth $8,008,000 after purchasing an additional 148,823 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Liberty Media Co. – Series A Liberty Formula One by 14.3% in the 4th quarter. Brown Advisory Inc. now owns 1,108,089 shares of the company’s stock worth $36,256,000 after purchasing an additional 138,460 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Liberty Media Co. – Series A Liberty Formula One by 404.6% in the 4th quarter. Renaissance Technologies LLC now owns 164,129 shares of the company’s stock worth $5,370,000 after purchasing an additional 131,604 shares during the last quarter. Institutional investors own 10.09% of the company’s stock.

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About Liberty Media Co. – Series A Liberty Formula One

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).

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

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