Liberty Media Corp. (NASDAQ:LMCA) Given Average Rating of “Buy” by Brokerages
Shares of Liberty Media Corp. (NASDAQ:LMCA) have received a consensus rating of “Buy” from the fourteen brokerages that are covering the company. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.43.
Several equities research analysts have issued reports on the stock. FBR & Co reaffirmed a “buy” rating and set a $25.00 target price on shares of Liberty Media Corp. in a research note on Thursday, September 8th. Wunderlich lifted their price target on Liberty Media Corp. from $22.50 to $25.50 and gave the stock a “buy” rating in a report on Friday, July 29th. Zacks Investment Research lowered Liberty Media Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Pivotal Research initiated coverage on Liberty Media Corp. in a report on Tuesday, September 13th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Citigroup Inc. upgraded Liberty Media Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $22.00 to $32.00 in a report on Tuesday, September 13th.
In other Liberty Media Corp. news, CFO Christopher W. Shean sold 12,471 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $29.55, for a total transaction of $368,518.05. Following the sale, the chief financial officer now directly owns 24,157 shares in the company, valued at $713,839.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 200,428 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $32.71, for a total transaction of $6,555,999.88. Following the sale, the chairman now owns 16,164,220 shares in the company, valued at $528,731,636.20. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
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A number of hedge funds have recently modified their holdings of LMCA. Pacad Investment Ltd. acquired a new stake in shares of Liberty Media Corp. during the second quarter worth about $144,000. Strs Ohio bought a new position in shares of Liberty Media Corp. during the second quarter worth approximately $145,000. Societe Generale bought a new position in shares of Liberty Media Corp. during the second quarter worth approximately $192,000. R.H. Dinel Investment Counsel Inc. bought a new position in shares of Liberty Media Corp. during the third quarter worth approximately $232,000. Finally, American International Group Inc. increased its position in shares of Liberty Media Corp. by 8.6% in the second quarter. American International Group Inc. now owns 13,668 shares of the company’s stock worth $262,000 after buying an additional 1,083 shares in the last quarter. Institutional investors own 24.54% of the company’s stock.
Shares of Liberty Media Corp. (NASDAQ:LMCA) traded up 0.93% on Monday, reaching $29.37. 647,851 shares of the company’s stock traded hands. The firm’s 50 day moving average is $25.55 and its 200 day moving average is $22.15. Liberty Media Corp. has a 52 week low of $17.72 and a 52 week high of $30.11.
About Liberty Media Corp.
Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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