Liberty Media Co. – Series A Liberty Formula One (FWONA) Earns Buy Rating from Citigroup

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA)‘s stock had its “buy” rating restated by Citigroup in a note issued to investors on Friday. They presently have a $44.00 target price on the stock. Citigroup’s price target indicates a potential upside of 33.09% from the company’s current price.

Other research analysts also recently issued reports about the company. FBN Securities raised Liberty Media Co. – Series A Liberty Formula One from a “sector perform” rating to a “buy” rating in a report on Monday, December 11th. B. Riley reissued a “neutral” rating on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Wednesday, November 1st. Bank of America began coverage on Liberty Media Co. – Series A Liberty Formula One in a report on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target for the company. FBR & Co reaffirmed a “hold” rating on shares of Liberty Media Co. – Series A Liberty Formula One in a research note on Wednesday, September 20th. Finally, Macquarie reaffirmed a “buy” rating and set a $45.00 target price on shares of Liberty Media Co. – Series A Liberty Formula One in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.00.

Shares of Liberty Media Co. – Series A Liberty Formula One (NASDAQ FWONA) traded up $0.45 during trading hours on Friday, reaching $33.06. The company’s stock had a trading volume of 337,000 shares, compared to its average volume of 314,396. Liberty Media Co. – Series A Liberty Formula One has a one year low of $27.63 and a one year high of $39.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.43 and a quick ratio of 0.43.

In other news, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $43.28, for a total transaction of $779,040.00. Following the completion of the transaction, the chairman now directly owns 14,523,102 shares of the company’s stock, valued at approximately $628,559,854.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $36.52, for a total value of $66,685.52. Following the completion of the transaction, the director now directly owns 823 shares of the company’s stock, valued at $30,055.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,667 shares of company stock valued at $6,706,298. Corporate insiders own 5.34% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new position in Liberty Media Co. – Series A Liberty Formula One in the 3rd quarter valued at $105,000. The Manufacturers Life Insurance Company acquired a new position in Liberty Media Co. – Series A Liberty Formula One in the 2nd quarter valued at $105,000. Legal & General Group Plc acquired a new position in Liberty Media Co. – Series A Liberty Formula One in the 2nd quarter valued at $109,000. Howard Hughes Medical Institute acquired a new position in Liberty Media Co. – Series A Liberty Formula One in the 2nd quarter valued at $132,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in Liberty Media Co. – Series A Liberty Formula One in the 3rd quarter valued at $204,000. 9.84% of the stock is owned by hedge funds and other institutional investors.

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Liberty Media Co. – Series A Liberty Formula One Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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

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