Insider Selling: Liberty Media Corp. Shs -A- CFO Sells 2,588 Shares of Stock (LMCA)
Liberty Media Corp. Shs -A- (NASDAQ:LMCA) CFO Christopher Shean sold 2,588 shares of Liberty Media Corp. Shs -A- stock on the open market in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $148.37, for a total transaction of $383,981.56. Following the transaction, the chief financial officer now directly owns 65,825 shares in the company, valued at approximately $9,766,455. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Liberty Media Corp. Shs -A- (NASDAQ:LMCA) from an “underperform” rating to an “outperform” rating in a research note to investors on Wednesday, September 11th. They now have a $174.00 price target on the stock. Separately, analysts at Lazard Capital Markets cut their EPS estimates on shares of Liberty Media Corp. Shs -A- (NASDAQ:LMCA) in a research note on Thursday. They now have a “buy” rating and a $177.00 price target on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of Liberty Media Corp. Shs -A- (NASDAQ:LMCA) in a research note to investors on Wednesday, July 31st. They set an “overweight” rating on the stock.
One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Liberty Media Corp. Shs -A- has a consensus rating of “Buy” and an average price target of $154.29.
Liberty Media Corp. Shs -A- (NASDAQ:LMCA) traded down 1.44% on Monday, hitting $146.16. The stock had a trading volume of 543,864 shares. Liberty Media Corp. Shs -A- has a 52 week low of $101.00 and a 52 week high of $150.80. The stock has a 50-day moving average of $142.6 and a 200-day moving average of $127.0. The company has a market cap of $17.614 billion and a price-to-earnings ratio of 2.12.
Liberty Media Corp. Shs -A- (NASDAQ:LMCA) last announced its earnings results on Tuesday, August 6th. The company reported $0.00 EPS for the quarter. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $135.00 million. Analysts expect that Liberty Media Corp. Shs -A- will post $68.40 EPS for the current fiscal year.
Liberty Media Corporation, formerly Liberty Spinco, Inc, incorporated on August 10, 2012, focuses on the media, communications and entertainment industries through its ownership of interests in subsidiaries and other companies.
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