Liberty Media Corporation – Liberty Formula One Series A (FWONA) Expected to Announce Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is anticipated to announce its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.5491 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ FWONA opened at $79.38 on Wednesday. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $68.00 and a 52-week high of $99.52. The business has a fifty day moving average of $83.03 and a two-hundred day moving average of $87.83. The stock has a market cap of $19.85 billion, a PE ratio of 101.77 and a beta of 0.55.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, November 21st. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In related news, Director Chase Carey sold 83,536 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Large investors have recently modified their holdings of the business. KKM Financial LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the fourth quarter valued at about $18,547,000. Hawk Ridge Capital Management LP acquired a new position in Liberty Media Corporation – Liberty Formula One Series A during the third quarter valued at approximately $14,953,000. Amundi grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 420.4% in the fourth quarter. Amundi now owns 71,214 shares of the company’s stock valued at $6,365,000 after purchasing an additional 57,529 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $3,530,000. Finally, UBS Group AG raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 45.3% during the 3rd quarter. UBS Group AG now owns 117,073 shares of the company’s stock worth $11,148,000 after purchasing an additional 36,525 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Media Corporation – Liberty Formula One Series A

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.