Liberty Media Formula One Series C (FWONK) Raised to C at TheStreet

Liberty Media Formula One Series C (NASDAQ:FWONK) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c” rating in a report issued on Friday, TheStreetRatingsTable reports.

FWONK has been the topic of several other research reports. ValuEngine upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, January 24th. Finally, B. Riley raised shares of Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and raised their target price for the company from $35.00 to $46.00 in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.50.

Liberty Media Formula One Series C stock opened at $38.37 on Friday. The company has a market cap of $8.78 billion, a PE ratio of -59.03 and a beta of 1.07. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60. Liberty Media Formula One Series C has a 1 year low of $27.51 and a 1 year high of $39.60.



Liberty Media Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.13). The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $216.27 million. Liberty Media Formula One Series C had a negative net margin of 14.34% and a negative return on equity of 1.25%. As a group, analysts anticipate that Liberty Media Formula One Series C will post -0.78 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Icon Wealth Partners LLC purchased a new position in Liberty Media Formula One Series C during the first quarter worth $28,000. Loeb Partners Corp purchased a new position in Liberty Media Formula One Series C during the fourth quarter worth $55,000. Twin Tree Management LP purchased a new position in Liberty Media Formula One Series C during the first quarter worth $79,000. Osborn Williams & Donohoe LLC purchased a new position in Liberty Media Formula One Series C during the first quarter worth $93,000. Finally, Carnick & Kubik Group LLC purchased a new position in Liberty Media Formula One Series C during the first quarter worth $214,000. 84.12% of the stock is owned by hedge funds and other institutional investors.

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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