ValuEngine lowered shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a sell rating to a strong sell rating in a research report released on Monday morning.

Several other brokerages have also recently issued reports on FWONA. Zacks Investment Research raised Liberty Media Formula One Series A from a hold rating to a strong-buy rating and set a $37.00 price objective on the stock in a report on Tuesday, June 19th. Citigroup decreased their price objective on Liberty Media Formula One Series A from $44.00 to $41.00 and set a buy rating on the stock in a report on Tuesday, May 1st. Finally, Macquarie reaffirmed a buy rating and set a $39.00 price objective on shares of Liberty Media Formula One Series A in a report on Sunday, August 12th. One equities research 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. Liberty Media Formula One Series A has an average rating of Hold and an average price target of $39.33.

Shares of FWONA opened at $33.42 on Monday. The company has a market cap of $7.64 billion, a PE ratio of 20.82 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. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.36 and a current ratio of 0.36.

Liberty Media Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.53). The firm had revenue of $585.00 million for the quarter, compared to analysts’ expectations 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%. equities analysts forecast that Liberty Media Formula One Series A will post 0.36 EPS for the current fiscal year.

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

A number of large 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 during the 1st quarter valued at $120,000. Legal & General Group Plc raised its holdings in Liberty Media Formula One Series A by 108.3% during the 1st quarter. Legal & General Group Plc now owns 6,635 shares of the company’s stock valued at $194,000 after buying an additional 3,449 shares during the period. Laurel Wealth Advisors Inc. purchased a new stake in Liberty Media Formula One Series A during the 2nd quarter valued at $231,000. First Capital Advisors Group LLC. purchased a new stake in Liberty Media Formula One Series A during the 2nd quarter valued at $232,000. Finally, Verition Fund Management LLC purchased a new stake in Liberty Media Formula One Series A during the 1st quarter valued at $457,000. Institutional investors own 10.02% of the company’s stock.

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.

Recommended Story: Understanding Price to Earnings Ratio (PE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Liberty Media Formula One Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Formula One Series A and related companies with MarketBeat.com's FREE daily email newsletter.