Liberty Media Formula One Series A (FWONA) Raised to “Buy” at ValuEngine – Fairfield Current


ValuEngine upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other research firms also recently issued reports on FWONA. Pivotal Research restated a buy rating and issued a $49.00 price target on shares of Liberty Media Formula One Series A in a research note on Monday, November 12th. Zacks Investment Research downgraded Liberty Media Formula One Series A from a hold rating to a sell rating in a research note on Thursday, September 6th. Goldman Sachs Group assumed coverage on Liberty Media Formula One Series A in a research note on Tuesday, October 9th. They issued a hold rating and a $39.00 price target on the stock. Citigroup raised their price target on Liberty Media Formula One Series A from $39.00 to $41.00 and gave the stock a buy rating in a research note on Thursday, August 16th. Finally, Macquarie restated a buy rating and issued a $39.00 price target on shares of Liberty Media Formula One Series A in a research note on Sunday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $41.00.

Shares of FWONA opened at $31.25 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Liberty Media Formula One Series A has a 12 month low of $27.22 and a 12 month high of $37.32. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 25.83 and a beta of 1.34.

In related news, major shareholder Gamco Investors, Inc. Et Al bought 6,400 shares of the stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average cost of $24.59 per share, for a total transaction of $157,376.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory B. Maffei bought 3,500 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were bought at an average price of $30.29 per share, for a total transaction of $106,015.00. Following the completion of the transaction, the chief executive officer now directly owns 380,219 shares of the company’s stock, valued at approximately $11,516,833.51. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,900 shares of company stock worth $470,511. Company insiders own 5.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FWONA. Great Lakes Advisors LLC purchased a new position in Liberty Media Formula One Series A during the third quarter valued at $201,000. Verition Fund Management LLC purchased a new position in Liberty Media Formula One Series A during the third quarter valued at $224,000. Laurel Wealth Advisors Inc. purchased a new position in Liberty Media Formula One Series A during the second quarter valued at $231,000. Blair William & Co. IL lifted its position in Liberty Media Formula One Series A by 78.4% during the third quarter. Blair William & Co. IL now owns 6,828 shares of the company’s stock valued at $243,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Mint Tower Capital Management B.V. purchased a new position in Liberty Media Formula One Series A during the third quarter valued at $267,000. Institutional investors own 9.10% of the company’s stock.

Liberty Media Formula One Series A Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

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How Much Does a Formula One Car Cost? – Essentially Sports


How much money you need to build a Formula One car? According to some estimates, at least $12.2 million is required to build an F1 car. The FIA have made a number of changes in every season about the car designs. As a result, the cost of car is increased with new season.

The first thing to be kept in mind is that bigger F1 teams such as Ferrari, Mercedes, Red Bull and McLaren spend budget almost $400 million a year to develop the best cars for the season. This includes the cost of staff members, mechanics, engineers and drivers. But not all the team budget is the same, some of them allocate the budget from ($250 million – $350 million) each year.

Source: REDDIT

Formula One cars are built with powerful engines that can produce great on-track speed. The engine is one of the most expensive parts of the F1 racing car since it is the most delicate. The average price is $10.5 million which varies on the demands of the racing team managers and owners. F1 teams like Mercedes, Ferrari, and McLaren will definitely get help to reduce the cost of engine.

When the car picks acceleration on the track, wings play the important role in the balancing during the turns. Around $235,000 is required to build a better front wing and nose cone, some teams use less budget front wings which may cost them $150,000. The rear wings will cost around $85,000 if they are upgraded from a better manufacturers.

The actual control of the car is through the steering wheel. The cost of the steering wheel ranges from $50,000 to $100,000.

Formula One
F1

The average formula one car used almost ($500,000) petrol during a season. Almost 200,000 litres in a single season during practice session and racing session. Fuel tank cost ($140,000) and some maintenance cost required for the it because a single mistake cause major fire damage during the car.

The gearbox is another important component in the formula one cars. The cars mostly use highly sophisticated semi-automatic, seamless shift gearboxes. The gearbox cost maximum to a F1 team almost $440,000. But some teams upgrade them before the season began to get better performance which cost them an extra $160,000.

There are three types of tires were used during the race. Report published about the Formula One tires say that a single set costs $1715. The maximum limit of the tires used on the tracks were upto 20,000 miles.

A single accident cause major damage to the car on track. Some reports came in 2015 and 2014 about the damage inflicted upon Formula One cars. The reports claimed that repairs can cost upto $550,000. This includes rear wings, front wings, chassis and some parts of engines.

The structure of f1 car, also known as the carbon fibre monocoque cost $650,000. Few racing teams go for normal body structure instead of expensive one.

FIA
Imagine how expensive this crash would have been



Jessica Gomes is reportedly dating F1 driver Daniel Ricciardo – Daily Mail


A racy romance? Model Jessica Gomes said to be dating Formula One driver Daniel Ricciardo with the pair ‘discreetly seeing each other’

Caleb Taylor For Daily Mail Australia

Model Jessica Gomes, 32, is ‘discreetly seeing’ Australian Formula One driver, Daniel Ricciardo, 29.

The Sunday Telegraph reported the Equal Beauty founder and the sportsman may be the country’s next big celebrity couple. 

Jessica and Daniel are both from Perth, with it believed the pair have known each other for quite some time. 

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A racy romance? Model Jessica Gomes said to be dating Formula One driver Daniel Ricciardo with the pair 'discreetly seeing each other'. Pictured here in December 2018

A racy romance? Model Jessica Gomes said to be dating Formula One driver Daniel Ricciardo with the pair 'discreetly seeing each other'. Pictured here in December 2018

A racy romance? Model Jessica Gomes said to be dating Formula One driver Daniel Ricciardo with the pair ‘discreetly seeing each other’. Pictured here in December 2018

Daniel is known to be notoriously private after his break-up with long-term girlfriend Jemma Boskovich in 2016. 

Meanwhile, Jessica was last linked to Gus Wenner, the son of Rolling Stone co-founder Jann Wenner in August this year, by The Daily Telegraph. 

The pair were first photographed together in April as they attended ‘The New Classics’ event for the American pop-culture magazine in New York.   

New couple: The report claimed Jessica and Daniel (above) have been discreetly dating 

New couple: The report claimed Jessica and Daniel (above) have been discreetly dating 

New couple: The report claimed Jessica and Daniel (above) have been discreetly dating 

The publication claims friends close to the star were reluctant to confirm the potential relationship. 

Jessica tagged the hunk in numerous Instagram posts in the months leading up to the report, however. 

The last serious relationship Jessica had was with actor Xavier Samuel, 34, who she split with last year after more than a year of dating. 

Speaking about the relationship in the Herald sun, Jessica confirmed their split in May of this year. 

'We decided to part ways last year': Jessica recently revealed details from her split from actor Samuel Xavier, 34, (above) who she split with last year 

'We decided to part ways last year': Jessica recently revealed details from her split from actor Samuel Xavier, 34, (above) who she split with last year 

‘We decided to part ways last year’: Jessica recently revealed details from her split from actor Samuel Xavier, 34, (above) who she split with last year 

‘We decided to part ways last year,’ Jessica said. ‘We’re still friends, it’s all very amicable. I’m very happy at the moment.’ 

The Sports Illustrated star began dating the Twilight hunk after meeting at him at her LA-based birthday bash in September 2016.  

The pair were first spotted kissing in public in October that year. 

Daily Mail Australia has reached out to Jessica Gomes and Daniel Ricciardo

Stunning beauty: Los Angeles based Jessica is a David Jones ambassador and founder of her own beauty brand, Equal beauty. Pictured at a runway show earlier this year

Stunning beauty: Los Angeles based Jessica is a David Jones ambassador and founder of her own beauty brand, Equal beauty. Pictured at a runway show earlier this year

Stunning beauty: Los Angeles based Jessica is a David Jones ambassador and founder of her own beauty brand, Equal beauty. Pictured at a runway show earlier this year

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Investors Sell Liberty Media Formula One Series C (FWONK) on Strength (FWONK) – Fairfield Current


Investors sold shares of Liberty Media Formula One Series C (NASDAQ:FWONK) on strength during trading hours on Friday. $16.13 million flowed into the stock on the tick-up and $26.39 million flowed out of the stock on the tick-down, for a money net flow of $10.26 million out of the stock. Of all equities tracked, Liberty Media Formula One Series C had the 32nd highest net out-flow for the day. Liberty Media Formula One Series C traded up $1.81 for the day and closed at $32.38

Several brokerages have recently issued reports on FWONK. Goldman Sachs Group began coverage on shares of Liberty Media Formula One Series C in a research note on Tuesday, October 9th. They issued a “neutral” rating and a $39.00 price objective on the stock. Zacks Investment Research raised shares of Liberty Media Formula One Series C from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, October 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.50.

The company has a market capitalization of $6.92 billion, a PE ratio of 26.76 and a beta of 1.40.

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. boosted its holdings in shares of Liberty Media Formula One Series C by 48.2% in the third quarter. Marshall Wace North America L.P. now owns 63,115 shares of the company’s stock worth $2,347,000 after buying an additional 20,532 shares during the period. Morgan Stanley boosted its holdings in shares of Liberty Media Formula One Series C by 40.6% in the third quarter. Morgan Stanley now owns 711,895 shares of the company’s stock worth $26,476,000 after buying an additional 205,634 shares during the period. Legal & General Group Plc boosted its holdings in shares of Liberty Media Formula One Series C by 3.4% in the third quarter. Legal & General Group Plc now owns 250,605 shares of the company’s stock worth $9,320,000 after buying an additional 8,145 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Liberty Media Formula One Series C by 0.6% in the third quarter. The Manufacturers Life Insurance Company now owns 9,724,554 shares of the company’s stock worth $361,656,000 after buying an additional 60,165 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Liberty Media Formula One Series C in the third quarter worth about $767,000. 79.45% of the stock is currently owned by institutional investors.

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About Liberty Media Formula One Series C (NASDAQ:FWONK)

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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F1 news: Daniel Ricciardo can challenge Mercedes and Red Bull with Renault in 2019 – Fox Sports


There is no reason Daniel Ricciardo can’t be challenging for poles and podiums with Renault next season, according to his new boss, who believes their engine will be on par with Mercedes and Ferrari next year.

Ricciardo’s move to Renault, who finished fourth in the Constructors’ Championship last year, from Red Bull was expected to signal the last time we would see a shoey on the podium for at least the next two years, given their lack of competitiveness in comparison to the top teams.

Even Ricciardo himself has hinted that he is expecting 2020 to be more of a podium challenging year than 2019, but he will be in for a pleasant surprise when he walks through the door of their Enstone base, according to managing director Cyril Abiteboul.

SLEEP-DEPRIVED RICCIARDO’S FRANK ADMISSION

AUSSIE GRAND PRIX DATE MOVED FOR 2019

‘NOT SCARED OF ANYONE’: RICCIARDO’S NEW TEAMMATE ISSUES WARNING

F1: What will happen in 2019?

F1: What will happen in 2019?

3:19

“We’re missing about 15 to 20 kilowatts of engine power [20-27bhp] in the race, which under certain conditions could be made up for by the Red Bull chassis,” Abiteboul told Auto Motor und Sport.

“In qualifying we estimate our deficit at 40 kilowatts [53bhp], and that’s significant.

“With a customer engine from Mercedes or Ferrari we would have qualified in seventh place in Abu Dhabi. This shows that we have a better chassis than our (midfield) competitors, but also shows we are not as good as the three top teams.

“That’s why the main focus at first is on engine development. Next year, I don’t want to have to say anymore that we lacked too much power in qualifying. There’s no reason why we shouldn’t close the gap to Mercedes and Ferrari with the engine over the winter. With the chassis it will take a little longer.”

The Aussie has been driving Renault power for the last five years at Red Bull before the split at the end of the 2018 season, as the Milton Keynes outfit switches to Honda engines.

Cyril Abiteboul and Christian Horner have been taking swipes at each other in public all season.
Cyril Abiteboul and Christian Horner have been taking swipes at each other in public all season.Source: Getty Images

Red Bull have been very vocal about how much better they will be with their engines, despite Renault outperforming the only team using them last season, Toro Rosso.

Abiteboul was keen to point this out as the fallout from Renault’s very public divorce from Red Bull continues.

“It’s hard for me today to set targets for next year,” Abiteboul said. “In sport, that always depends a bit on the performance of the others. But if the curve points upwards like ours, you want this trend to continue.

“Maybe we won’t be able to do that in terms of the world championship position, but we want to reduce the gap to the top. Let’s wait and see what happens with Red Bull and Honda. Red Bull never gets tired of telling how good Honda is compared to us.

“May I say that Toro Rosso (Red Bull’s sister team who already use Honda engines) is still behind us?”

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Formula One rife with rumours of Bernie Ecclestone PLOT for breakaway championship – Daily Star



bernie formula one

GETTY


CHANGE: Rumours are rife that Bernie Ecclestone could be plotting a breakaway championship

And the billionaire, 87, who built F1 into a world force, could have the support of grand prix legends Ferrari.

The Italian giants are enraged that Liberty Media, the US company that bought F1 in a shock takeover, have announced they are poised to slash Ferrari’s massive fee deal set up by Ecclestone.

Reigning champions Mercedes are unhappy with the Liberty Media set-up and influential boss Toto Wolff has come out in support of angry Ferrari chief Sergio Marchionne who has threatened to pull his team out of F1.

Late last year Marchionne said: “If Liberty make changes I do not want to play any more.”


“There is the possibility to create an alternative championship from 2020-21”


Sergio Marchionne

And, without citing his firm friend Ecclestone as a likely planner, he also added: “There is the possibility to create an alternative championship from 2020-21.

“And if Liberty Media think we are bluffing then they are playing with fire.”

Wolff said: “If I were F1’s new promotor Liberty Media I would not continue provoking Marchionne with unacceptable or non-sensical demands.

“We are looking for evolution, not revolution.”

Those statements, along with the fact former F1 leader Ecclestone is unhappy with the replacement outfit’s future aims, has contributed to the rumours of a rival title chase gaining momentum.

And Ecclestone, who still attends grands prix around the world, said: “I think Liberty want to make life difficult for me.

“I went to the Bahrain grand prix last year and had an office in the control tower but this time they dumped me in the VIP area outside the paddock.”

He knows that the top teams are on a collision course with Liberty Media as their prize money, linked to F1’s financial performance, is under threat of a cutback.

Revenue from the 2017 season, Liberty’s debut year, slumped £13m – the biggest drop for a decade. 

Meanwhile, in today’s Chinese Grand Prix, Lewis Hamilton started fourth on the grid with Sebastian Vettel on pole position, after winning the opening two races.