Streetbeat News

FWONA

Formula One Group

https://www.libertymedia.com/companies/formula-one-group.html

Industry

Entertainment

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

Open

73.32

Mkt cap

26B

Volume

17K

High

73.63

P/E Ratio

63.98

52-wk high

79.67

Low

72.97

Div yield

N/A

52-wk low

55.25

Formula 1 is planning to host a lender presentation for a proposed $850 million Term Loan B on September 3, 2024. Liberty Media Corporation disclosed that Formula 1's operating business cash and equivalents are approximately $1.457 billion as of August 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:10 pm

Liberty Formula One Gr (NYSE:FWONA) has seen a 20.31% decrease in short interest, with 354,000 shares sold short, representing 1.53% of its float. This is lower than its peers' average short interest of 7.47%.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 4:30 pm

Liberty Media shareholders have approved a redemptive split-off of Liberty SiriusXM Holdings. The new Sirius will merge with Sirius XM Holdings to form a new public company under the Sirius XM name.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:48 pm

Benchmark analyst Matthew Harrigan maintains a Buy rating on Liberty Formula One Group (NASDAQ:FWONA) and raises the price target from $77 to $81.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:54 pm

Liberty Media shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:03 pm

Liberty Formula One Group (NASDAQ:FWONA) reported Q2 sales of $988.00 million, beating the analyst consensus estimate of $984.25 million by 0.38%. This represents a 36.46% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:21 pm

Liberty Formula One Group reported Q2 sales of $988 million, surpassing the estimated $984.25 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:19 pm

Liberty Media has received notification from the Department of Justice's Antitrust Division that an investigation has been opened regarding Formula 1's conduct concerning Andretti Formula Racing's application to enter the FIA Formula One World Championship.

Portfolio Pulse from charles@benzinga.com

August 08, 2024 | 10:13 am

The article highlights the 11 large-cap stocks that were the worst performers from June 1 to June 7. GameStop, NIO, Vistra, Bath & Body Works, VinFast Auto, Vertiv Holdings, Builders FirstSource, E.L.F. Beauty, NICE Ltd, Comfort Systems USA, and Dell Technologies saw significant declines due to various factors including disappointing earnings and other company-specific news.

Portfolio Pulse from Lekha Gupta

June 09, 2024 | 6:04 pm

Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Liberty Formula One Group (NASDAQ:FWONA) and maintained a price target of $77.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 12:56 pm

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