Brokerages Set Liberty Media Formula One Series C (FWONK) Target Price at $44.17

Shares of Liberty Media Formula One Series C (NASDAQ:FWONK) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $44.17.

Several analysts have recently commented on the company. ValuEngine upgraded Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Zacks Investment Research downgraded Liberty Media Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 28th.

Shares of FWONK traded up $0.11 during trading hours on Tuesday, hitting $36.72. The stock had a trading volume of 609,400 shares, compared to its average volume of 1,343,924. The company has a market cap of $8.64 billion, a PE ratio of 30.12 and a beta of 1.41. Liberty Media Formula One Series C has a 1-year low of $28.37 and a 1-year high of $41.14.

Liberty Media Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Wednesday, August 8th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. The firm had revenue of $585.00 million during the quarter, compared to analyst estimates of $602.28 million. equities research analysts predict that Liberty Media Formula One Series C will post -0.25 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC acquired a new position in Liberty Media Formula One Series C during the 2nd quarter valued at about $160,000. FineMark National Bank & Trust acquired a new position in Liberty Media Formula One Series C during the 2nd quarter valued at about $202,000. Tower Research Capital LLC TRC boosted its stake in Liberty Media Formula One Series C by 1,038.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,485 shares of the company’s stock valued at $204,000 after purchasing an additional 5,003 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in Liberty Media Formula One Series C during the 2nd quarter valued at about $205,000. Finally, Private Management Group Inc. acquired a new position in Liberty Media Formula One Series C during the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 89.73% of the company’s stock.

About Liberty Media Formula One Series C

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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Analyst Recommendations for Liberty Media Formula One Series C (NASDAQ:FWONK)

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