Russell Investments Group Ltd. lifted its stake in shares of Formulation One Group (NASDAQ:FWONK – Get Ranking) by 17.6% within the 1st quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Trade Fee. The institutional investor owned 38,499 shares of the corporate’s inventory after buying an extra 5,759 shares through the quarter. Russell Investments Group Ltd.’s holdings in Formulation One Group have been price $2,685,000 on the finish of the newest reporting interval.

Different hedge funds and different institutional traders have additionally modified their holdings of the corporate. Geode Capital Administration LLC boosted its holdings in Formulation One Group by 5.8% through the fourth quarter. Geode Capital Administration LLC now owns 2,766,232 shares of the corporate’s inventory valued at $174,690,000 after buying an extra 151,376 shares within the final quarter. Dupont Capital Administration Corp acquired a brand new place in Formulation One Group within the 1st quarter price $743,000. Janney Montgomery Scott LLC acquired a brand new place in Formulation One Group within the 4th quarter price $348,000. Verity Asset Administration Inc. acquired a brand new place in Formulation One Group within the 4th quarter price $241,000. Lastly, Thompson Siegel & Walmsley LLC boosted its stake in shares of Formulation One Group by 4.4% through the 1st quarter. Thompson Siegel & Walmsley LLC now owns 43,697 shares of the corporate’s inventory price $3,052,000 after shopping for an extra 1,860 shares over the past quarter. Institutional traders and hedge funds personal 89.48% of the corporate’s inventory.

Insider Shopping for and Promoting

In different information, main shareholder Gamco Traders, Inc. Et Al bought 2,000 shares of the enterprise’s inventory in a transaction that occurred on Monday, June 27th. The shares have been acquired at a median price of $25.00 per share, for a complete transaction of $50,000.00. Following the completion of the acquisition, the insider now owns 12,000 shares within the firm, valued at $300,000. The acquisition was disclosed in a doc filed with the Securities & Trade Fee, which will be accessed by way of this hyperlink.

Formulation One Group Inventory Down 0.2 %

Shares of NASDAQ FWONK opened at $67.99 on Friday. Formulation One Group has a 1 yr low of $47.07 and a 1 yr excessive of $71.17. The inventory has a market capitalization of $15.71 billion, a P/E ratio of -103.02 and a beta of 1.14. The corporate has a 50-day transferring common worth of $62.76 and a 200-day transferring common worth of $62.80. The corporate has a debt-to-equity ratio of 0.92, a present ratio of 0.88 and a fast ratio of 0.81.

Analyst Upgrades and Downgrades

A number of equities analysis analysts lately issued studies on FWONK shares. Rosenblatt Securities started protection on shares of Formulation One Group in a analysis observe on Monday, April 25th. They issued a “purchase” ranking and a $81.00 goal worth for the corporate. JPMorgan Chase & Co. raised their goal worth on shares of Formulation One Group from $65.00 to $77.00 in a analysis report on Thursday, April 21st. StockNews.com lowered shares of Formulation One Group from a “maintain” ranking to a “promote” ranking in a report on Tuesday, July 26th. Barclays lifted their worth goal on shares of Formulation One Group from $50.00 to $56.00 and gave the inventory an “underweight” ranking in a report on Monday, August eighth. Lastly, Morgan Stanley lifted their goal worth on shares of Formulation One Group from $72.00 to $75.00 and gave the inventory an “chubby” ranking in a analysis observe on Tuesday, August ninth. Two funding analysts have rated the inventory with a promote ranking and 4 have given a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a median goal worth of $73.20.

Formulation One Group Profile

(Get Ranking)

Formulation One Group engages within the motorsports enterprise in the US and internationally. It holds industrial rights for the world championship, roughly a nine-month lengthy motor race-based competitors during which groups compete for the constructors’ championship and drivers compete for the drivers’ championship.

See Additionally

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