Shares of Liberty Media Formula One Series C (NASDAQ:FWONK) have been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $44.17.

A number of analysts recently commented on the company. Zacks Investment Research downgraded Liberty Media Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 28th. ValuEngine downgraded Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Liberty Media Formula One Series C by 2.7% in the second quarter. BlackRock Inc. now owns 9,328,946 shares of the company’s stock worth $346,384,000 after buying an additional 246,227 shares during the last quarter. Janus Henderson Group PLC increased its position in Liberty Media Formula One Series C by 34.8% in the second quarter. Janus Henderson Group PLC now owns 7,235,215 shares of the company’s stock worth $268,622,000 after buying an additional 1,866,836 shares during the last quarter. Principal Financial Group Inc. increased its position in Liberty Media Formula One Series C by 0.7% in the first quarter. Principal Financial Group Inc. now owns 6,516,650 shares of the company’s stock worth $201,038,000 after buying an additional 47,206 shares during the last quarter. American Century Companies Inc. increased its position in Liberty Media Formula One Series C by 2.4% in the second quarter. American Century Companies Inc. now owns 3,810,456 shares of the company’s stock worth $141,482,000 after buying an additional 87,982 shares during the last quarter. Finally, Naya Capital Management UK Ltd. increased its position in Liberty Media Formula One Series C by 26.4% in the second quarter. Naya Capital Management UK Ltd. now owns 2,404,112 shares of the company’s stock worth $89,265,000 after buying an additional 502,000 shares during the last quarter. 89.73% of the stock is owned by institutional investors.

Shares of FWONK stock traded down $0.18 during trading hours on Tuesday, reaching $37.41. The company had a trading volume of 794,473 shares, compared to its average volume of 1,192,151. Liberty Media Formula One Series C has a 12 month low of $28.37 and a 12 month high of $41.14. The firm has a market capitalization of $8.64 billion, a PE ratio of 30.92 and a beta of 1.40.

Liberty Media Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Wednesday, August 8th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.08. The company had revenue of $585.00 million during the quarter, compared to the consensus estimate of $602.28 million. research analysts expect that Liberty Media Formula One Series C will post -0.25 EPS for the current year.

About Liberty Media Formula One Series C

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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Analyst Recommendations for Liberty Media Formula One Series C (NASDAQ:FWONK)

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