Liberty Media Formula One Series C (NASDAQ:FWONK) Downgraded by ValuEngine to Hold – TechNewsObserver


ValuEngine lowered shares of Liberty Media Formula One Series C (NASDAQ:FWONK) from a buy rating to a hold rating in a research report sent to investors on Tuesday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on FWONK. JPMorgan Chase & Co. upgraded Liberty Media Formula One Series C from a neutral rating to an overweight rating and increased their price objective for the stock from $38.00 to $50.00 in a report on Thursday, August 15th. Zacks Investment Research cut Liberty Media Formula One Series C from a buy rating to a hold rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $48.00.

FWONK stock traded down $0.05 during midday trading on Tuesday, hitting $44.93. The company had a trading volume of 545,732 shares, compared to its average volume of 844,865. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of -69.12 and a beta of 0.96. Liberty Media Formula One Series C has a 52 week low of $27.51 and a 52 week high of $45.72. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $42.84 and its 200 day moving average price is $40.34.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Liberty Media Formula One Series C by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the company’s stock valued at $636,000 after acquiring an additional 300 shares in the last quarter. Commerce Bank boosted its stake in Liberty Media Formula One Series C by 5.6% during the 2nd quarter. Commerce Bank now owns 7,495 shares of the company’s stock valued at $280,000 after purchasing an additional 395 shares during the last quarter. Vantage Investment Partners LLC increased its holdings in shares of Liberty Media Formula One Series C by 0.4% in the 3rd quarter. Vantage Investment Partners LLC now owns 130,932 shares of the company’s stock worth $5,445,000 after purchasing an additional 532 shares in the last quarter. Shufro Rose & Co. LLC bought a new stake in shares of Liberty Media Formula One Series C in the 3rd quarter worth $25,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Liberty Media Formula One Series C by 17.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock worth $196,000 after purchasing an additional 779 shares during the last quarter. 81.89% of the stock is owned by hedge funds and other institutional investors.

About Liberty Media Formula One Series C

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors’ championship and drivers compete for the drivers’ championship. The company is based in Englewood, Colorado.

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

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