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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) is projected to issue 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 FWONA opened at $81.70 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52. The stock has a 50-day moving average price of $83.52 and a 200 day moving average price of $88.02. The company has a market capitalization of $20.43 billion, a P/E ratio of 104.74 and a beta of 0.55.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series A

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock valued at $88,981,000 after buying an additional 20,683 shares during the period. Sculptor Capital LP boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after acquiring an additional 12,786 shares during the period. Ruane Cunniff & Goldfarb L.P. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after acquiring an additional 7,113 shares during the period. Bamco Inc. NY grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 10.1% during the second quarter. Bamco Inc. NY now owns 333,317 shares of the company’s stock valued at $31,652,000 after purchasing an additional 30,637 shares during the last quarter. Finally, Hawk Ridge Capital Management LP raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 90.9% during the 4th quarter. Hawk Ridge Capital Management LP now owns 299,800 shares of the company’s stock worth $26,796,000 after purchasing an additional 142,765 shares during the period. 8.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Finally, Sanford C. Bernstein raised 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.00.

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.