Liberty Media Formula One Series C (NASDAQ:FWONK) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Liberty Media Formula One Series C (NASDAQ:FWONK) from a buy rating to a hold rating in a research note released on Tuesday, ValuEngine reports.

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

FWONK traded down $0.05 during trading on Tuesday, reaching $44.93. The company had a trading volume of 545,732 shares, compared to its average volume of 844,865. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.66. The business has a 50 day simple moving average of $42.84 and a 200-day simple moving average of $40.34. The stock has a market cap of $10.39 billion, a P/E 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.

Hedge funds and other institutional investors have recently modified their holdings of the company. Shufro Rose & Co. LLC bought a new position in shares of Liberty Media Formula One Series C in the third quarter worth about $25,000. Usca Ria LLC bought a new position in Liberty Media Formula One Series C in the 3rd quarter worth about $33,000. Massey Quick Simon & CO. LLC bought a new position in Liberty Media Formula One Series C in the 3rd quarter worth about $95,000. Smithfield Trust Co. bought a new position in Liberty Media Formula One Series C in the 3rd quarter worth about $102,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Liberty Media Formula One Series C by 17.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock worth $196,000 after acquiring an additional 779 shares during the period. Hedge funds and other institutional investors own 81.89% 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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