Formula One Group (NASDAQ:FWONA) Receives News Sentiment Rating of 0.17

News stories about Formula One Group (NASDAQ:FWONA) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Formula One Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.4675315109091 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Several equities analysts have weighed in on FWONA shares. B. Riley lifted their price objective on Formula One Group from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday. Macquarie restated a “buy” rating and set a $45.00 target price on shares of Formula One Group in a research report on Thursday, October 5th. J P Morgan Chase & Co assumed coverage on Formula One Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 target price on the stock. Bank of America Corporation started coverage on Formula One Group in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, FBR & Co restated a “hold” rating on shares of Formula One Group in a report on Wednesday, September 20th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.89.

Shares of Formula One Group (NASDAQ FWONA) traded down $0.65 during midday trading on Tuesday, reaching $35.19. 138,700 shares of the company were exchanged, compared to its average volume of 322,654. Formula One Group has a 12-month low of $27.63 and a 12-month high of $39.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.43.

In other news, Chairman John C. Malone sold 18,000 shares of Formula One Group stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $41.99, for a total transaction of $755,820.00. Following the completion of the sale, the chairman now directly owns 14,634,102 shares in the company, valued at approximately $614,485,942.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $36.52, for a total value of $66,685.52. Following the completion of the sale, the director now owns 823 shares of the company’s stock, valued at $30,055.96. The disclosure for this sale can be found here. Insiders sold a total of 190,826 shares of company stock worth $7,309,976 in the last three months. 5.34% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “Formula One Group (NASDAQ:FWONA) Receives News Sentiment Rating of 0.17” was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://weekherald.com/2017/11/14/liberty-media-corporation-fwona-getting-somewhat-positive-news-coverage-study-finds.html.

About Formula One Group

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

Insider Buying and Selling by Quarter for Formula One Group (NASDAQ:FWONA)

Receive News & Ratings for Formula One Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Formula One Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply