Formula One Group (NASDAQ:FWONA – Get Rating) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $67.64 and last traded at $67.38, with a volume of 33187 shares. The stock had previously closed at $65.71.
Formula One Group Trading Up 2.7 %
The company has a fifty day simple moving average of $60.78 and a 200-day simple moving average of $56.94. The company has a current ratio of 0.71, a quick ratio of 0.95 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of -519.00 and a beta of 1.09.
Insiders Place Their Bets
In other Formula One Group news, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the company’s stock in a transaction dated Wednesday, December 28th. The shares were bought at an average price of $32.58 per share, for a total transaction of $234,576.00. Following the acquisition, the insider now directly owns 20,000 shares of the company’s stock, valued at $651,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Brian J. Wendling sold 1,370 shares of the company’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $35.00, for a total value of $47,950.00. Following the transaction, the chief accounting officer now owns 14,871 shares in the company, valued at approximately $520,485. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the company’s stock in a transaction dated Wednesday, December 28th. The stock was acquired at an average price of $32.58 per share, for a total transaction of $234,576.00. Following the acquisition, the insider now directly owns 20,000 shares in the company, valued at $651,600. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 8,200 shares of company stock worth $267,200. Company insiders own 4.83% of the company’s stock.
Hedge Funds Weigh In On Formula One Group
Formula One Group Company Profile
Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.
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