Liberty Media Formula One Series C (NASDAQ:FWONK) Upgraded at B. Riley – Mayfield Recorder


B. Riley upgraded shares of Liberty Media Formula One Series C (NASDAQ:FWONK) from a neutral rating to a buy rating in a research report sent to investors on Thursday, May 16th, BenzingaRatingsTable reports. The firm currently has $46.00 target price on the stock, up from their prior target price of $35.00.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Liberty Media Formula One Series C from a hold rating to a sell rating in a report on Monday, May 13th. ValuEngine raised shares of Liberty Media Formula One Series C from a hold rating to a buy rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Liberty Media Formula One Series C presently has a consensus rating of Hold and an average target price of $41.33.

NASDAQ:FWONK traded down $0.27 during trading hours on Thursday, hitting $37.85. 310,490 shares of the company traded hands, compared to its average volume of 998,600. The stock has a market cap of $8.75 billion, a P/E ratio of -58.23 and a beta of 1.04. Liberty Media Formula One Series C has a twelve month low of $27.51 and a twelve month high of $39.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.44.

Liberty Media Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.13). Liberty Media Formula One Series C had a negative net margin of 14.34% and a negative return on equity of 1.25%. The business had revenue of $246.00 million during the quarter, compared to analyst estimates of $216.27 million. As a group, equities research analysts anticipate that Liberty Media Formula One Series C will post -0.85 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its holdings in shares of Liberty Media Formula One Series C by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 21,287 shares of the company’s stock valued at $746,000 after purchasing an additional 327 shares during the last quarter. S&CO Inc. grew its stake in shares of Liberty Media Formula One Series C by 0.3% in the first quarter. S&CO Inc. now owns 123,229 shares of the company’s stock valued at $4,319,000 after buying an additional 330 shares in the last quarter. Twin Capital Management Inc. grew its stake in shares of Liberty Media Formula One Series C by 0.4% in the first quarter. Twin Capital Management Inc. now owns 88,730 shares of the company’s stock valued at $3,110,000 after buying an additional 330 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Liberty Media Formula One Series C by 2.2% in the fourth quarter. Hsbc Holdings PLC now owns 20,359 shares of the company’s stock valued at $625,000 after buying an additional 429 shares in the last quarter. Finally, Utah Retirement Systems grew its stake in shares of Liberty Media Formula One Series C by 1.4% in the first quarter. Utah Retirement Systems now owns 37,226 shares of the company’s stock valued at $1,305,000 after buying an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Liberty Media Formula One Series C Company Profile

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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