Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set a “market outperform” rating and a $100.00 price target on the stock. Citizens Jmp’s price target points to a potential upside of 33.14% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Citigroup cut their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $104.50.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of NASDAQ FWONA opened at $75.11 on Monday. The stock has a market capitalization of $18.81 billion, a PE ratio of 34.14 and a beta of 0.50. The firm has a fifty day moving average of $79.09 and a 200-day moving average of $85.90. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

A number of hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock worth $31,000 after buying an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after buying an additional 125 shares in the last quarter. Global Retirement Partners LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after buying an additional 371 shares during the last quarter. Finally, State of Wyoming purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.