Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also issued reports on the company. UBS Group dropped their target price on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Company boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $94.45 on Friday. The business’s 50 day simple moving average is $86.78 and its 200 day simple moving average is $91.09. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36. The firm has a market cap of $21.17 billion, a PE ratio of 43.33, a P/E/G ratio of 17.12 and a beta of 0.44.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. As a group, equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 12.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,186 shares of the company’s stock worth $781,000 after purchasing an additional 1,032 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $58,000. Madison Asset Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 19.9% during the 1st quarter. Madison Asset Management LLC now owns 1,070,299 shares of the company’s stock worth $90,997,000 after acquiring an additional 177,513 shares during the period. Greenwood Gearhart LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.0% during the 1st quarter. Greenwood Gearhart LLC now owns 184,708 shares of the company’s stock worth $15,704,000 after acquiring an additional 8,830 shares during the period. Finally, SEB Asset Management AB bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $5,370,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.