Liberty Media Formula One Series C (FWONK) Boosted by Zacks Investment Research to Purchase

Liberty Media Formula One Series C (FWONK) Boosted  by Zacks Investment Research to Purchase

According to Zacks, “Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses through their operating subsidiaries and investments in various publicly-traded companies. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, as well as infotainment services on a subscription fee basis through its satellite radio systems; provides next-generation connected vehicle applications and services; streams music and non-music channels over the Internet; sells satellite and Internet radios to consumers through Website and retailers; and offers other ancillary services, such as weather, traffic, data, and Backseat television services. Liberty Media Corporation is headquartered in Englewood, Colorado. “

Zacks Investment Research upgraded shares of Liberty Media Formula One Series C (NASDAQ:FWONK) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $39.00 price objective on the stock.

Separately, ValuEngine raised shares of Liberty Media Formula One Series C from a hold rating to a buy rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $37.50.

Shares of FWONK stock opened at $34.80 on Wednesday. Liberty Media Formula One Series C has a 12 month low of $27.51 and a 12 month high of $39.35. The company has a market cap of $8.14 billion, a price-to-earnings ratio of -53.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.33 and a quick ratio of 0.33.

Several hedge funds and other institutional investors have recently made changes to their positions in FWONK. American Century Companies Inc. boosted its position in shares of Liberty Media Formula One Series C by 20.2% during the fourth quarter. American Century Companies Inc. now owns 4,580,659 shares of the company’s stock worth $140,626,000 after acquiring an additional 768,981 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Liberty Media Formula One Series C by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 2,102,344 shares of the company’s stock worth $64,502,000 after acquiring an additional 128,149 shares during the last quarter. Norges Bank bought a new position in shares of Liberty Media Formula One Series C during the fourth quarter worth $103,778,000. Dimensional Fund Advisors LP boosted its position in shares of Liberty Media Formula One Series C by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 339,481 shares of the company’s stock worth $10,421,000 after acquiring an additional 15,082 shares during the last quarter. Finally, Fairview Capital Investment Management LLC boosted its position in shares of Liberty Media Formula One Series C by 3.1% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,099,982 shares of the company’s stock worth $95,169,000 after acquiring an additional 92,650 shares during the last quarter. 86.04% of the stock is owned by hedge funds and other institutional investors.

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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