Liberty Media Corp major shareholder Unloads $10,000,062 in Stock (LMCA)
Liberty Media Corp (NASDAQ:LMCA) major shareholder John C. Malone unloaded 74,890 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $133.53, for a total value of $10,000,061.70. Following the sale, the insider now directly owns 944,588 shares in the company, valued at approximately $126,130,836. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Liberty Media Corp (NASDAQ:LMCA) traded up 0.23% during mid-day trading on Thursday, hitting $133.97. The stock had a trading volume of 461,493 shares. Liberty Media Corp has a 52-week low of $122.56 and a 52-week high of $159.33. The stock’s 50-day moving average is $129.5 and its 200-day moving average is $133.4. The company has a market cap of $15.316 billion and a price-to-earnings ratio of 21.30. Liberty Media Corp also was the recipient of a significant growth in short interest in the month of June. As of June 13th, there was short interest totalling 1,882,386 shares, a growth of 57.2% from the May 30th total of 1,197,354 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 882,174 shares, the days-to-cover ratio is currently 2.1 days.
Liberty Media Corp (NASDAQ:LMCA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.63. Analysts expect that Liberty Media Corp will post $2.88 EPS for the current fiscal year.
A number of research firms have recently commented on LMCA. Analysts at Zacks reiterated a “neutral” rating on shares of Liberty Media Corp in a research note on Thursday. They now have a $140.00 price target on the stock. Separately, analysts at Wunderlich cut their price target on shares of Liberty Media Corp from $170.00 to $165.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group cut their price target on shares of Liberty Media Corp from $220.00 to $191.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $159.02.
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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