Liberty Media Corp major shareholder John C. Malone Sells 199,414 Shares (LMCA)
Liberty Media Corp (NASDAQ:LMCA) major shareholder John C. Malone sold 199,414 shares of the stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $47.64, for a total transaction of $9,500,082.96. Following the completion of the transaction, the insider now directly owns 19,005,904 shares of the company’s stock, valued at approximately $905,441,267. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Liberty Media Corp (NASDAQ:LMCA) traded down 2.77% on Thursday, hitting $47.05. 1,192,911 shares of the company’s stock traded hands. Liberty Media Corp has a 52-week low of $42.7784 and a 52-week high of $55.6126. The stock’s 50-day moving average is $47.64 and its 200-day moving average is $46.19. The company has a market cap of $5.379 billion and a price-to-earnings ratio of 7.71.
Liberty Media Corp (NASDAQ:LMCA) last released its earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.63. Analysts expect that Liberty Media Corp will post $2.16 EPS for the current fiscal year.
A number of analysts have recently weighed in on LMCA shares. Analysts at National Alliance Securities raised their price target on shares of Liberty Media Corp from $64.69 to $74.08 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet downgraded shares of Liberty Media Corp to a “sell” rating in a research note on Tuesday. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Liberty Media Corp in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $142.55.
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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