Liberty Media Corp Sees Significant Increase in Short Interest (LMCA)
Shares of Liberty Media Corp (NASDAQ:LMCA) were the target of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 1,882,386 shares, an increase of 57.2% from the May 30th total of 1,197,354 shares, StockRatingsNetwork.com reports. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 882,174 shares, the short-interest ratio is currently 2.1 days.
In other Liberty Media Corp news, major shareholder John C. Malone sold 74,890 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $133.53, for a total transaction of $10,000,061.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
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, June 26th. 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 company. The stock currently has an average rating of “Buy” and a consensus target price of $159.02.
Shares of Liberty Media Corp (NASDAQ:LMCA) opened at 136.14 on Wednesday. Liberty Media Corp has a 1-year low of $122.56 and a 1-year high of $159.33. The stock has a 50-day moving average of $130.1 and a 200-day moving average of $132.9. The company has a market cap of $15.564 billion and a price-to-earnings ratio of 21.78.
Liberty Media Corp (NASDAQ:LMCA) last announced its earnings results on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.63. On average, analysts predict that Liberty Media Corp will post $2.88 earnings per share 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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