Liberty Media Formula One Series A (NASDAQ:FWONA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

A number of other brokerages have also issued reports on FWONA. ValuEngine raised Liberty Media Formula One Series A from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Macquarie reaffirmed a “buy” rating and issued a $39.00 price target on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Finally, Citigroup lowered their price target on Liberty Media Formula One Series A from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.33.

Shares of NASDAQ:FWONA opened at $32.93 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $7.77 billion, a PE ratio of 27.21 and a beta of 1.33. Liberty Media Formula One Series A has a 1 year low of $27.22 and a 1 year high of $39.37.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.53). The firm had revenue of $585.00 million during the quarter, compared to analyst estimates of $642.00 million. Liberty Media Formula One Series A had a return on equity of 1.66% and a net margin of 20.90%. research analysts anticipate that Liberty Media Formula One Series A will post 0.36 EPS for the current fiscal year.

In other Liberty Media Formula One Series A news, CFO Mark D. Carleton sold 27,783 shares of the business’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $45.94, for a total transaction of $1,276,351.02. Following the transaction, the chief financial officer now owns 68,284 shares of the company’s stock, valued at $3,136,966.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David E. Rapley sold 6,827 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $46.28, for a total value of $315,953.56. Following the transaction, the director now directly owns 6,593 shares in the company, valued at approximately $305,124.04. The disclosure for this sale can be found here. Insiders own 4.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FWONA. Quantbot Technologies LP purchased a new stake in Liberty Media Formula One Series A in the first quarter valued at $120,000. First Capital Advisors Group LLC. purchased a new stake in Liberty Media Formula One Series A in the second quarter valued at $232,000. Legal & General Group Plc raised its position in Liberty Media Formula One Series A by 108.3% in the first quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock valued at $194,000 after purchasing an additional 3,449 shares during the period. Verition Fund Management LLC purchased a new stake in Liberty Media Formula One Series A in the first quarter valued at $457,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Liberty Media Formula One Series A in the second quarter valued at $576,000. 10.06% of the stock is currently owned by institutional investors.

About Liberty Media Formula One Series A

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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