According to Zacks, “Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses through their operating subsidiaries and investments in various publicly-traded companies. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, as well as infotainment services on a subscription fee basis through its satellite radio systems; provides next-generation connected vehicle applications and services; streams music and non-music channels over the Internet; sells satellite and Internet radios to consumers through Website and retailers; and offers other ancillary services, such as weather, traffic, data, and Backseat television services. Liberty Media Corporation is headquartered in Englewood, Colorado. “
A number of other research firms also recently weighed in on FWONK. Pivotal Research upped their target price on Formula One Group from $50.00 to $53.00 and gave the stock a buy rating in a report on Tuesday, March 2nd. Morgan Stanley upped their target price on Formula One Group from $44.00 to $46.00 and gave the stock an equal weight rating in a report on Thursday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $48.75.
Several institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group grew its stake in shares of Formula One Group by 4.4% in the 1st quarter. Schroder Investment Management Group now owns 10,384 shares of the company’s stock worth $449,000 after buying an additional 440 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Formula One Group by 15.0% in the 1st quarter. Ameriprise Financial Inc. now owns 178,587 shares of the company’s stock valued at $7,725,000 after acquiring an additional 23,243 shares in the last quarter. Fairview Capital Investment Management LLC lifted its position in Formula One Group by 0.9% in the 1st quarter. Fairview Capital Investment Management LLC now owns 3,107,340 shares of the company’s stock valued at $134,516,000 after acquiring an additional 28,012 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Formula One Group by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,034,111 shares of the company’s stock valued at $88,056,000 after acquiring an additional 112,011 shares in the last quarter. Finally, Greenwood Gearhart Inc. lifted its position in Formula One Group by 10.3% in the 1st quarter. Greenwood Gearhart Inc. now owns 135,142 shares of the company’s stock valued at $5,850,000 after acquiring an additional 12,580 shares in the last quarter. Institutional investors own 84.65% of the company’s stock.
About Formula One Group
Formula One Group engages in the motorsports business. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado.
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