Liberty Media Corporation (LSXMA) Given Average Rating of “Buy” by Analysts
Shares of Liberty Media Corporation (NASDAQ:LSXMA) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.40.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Liberty Media Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Citigroup Inc. reiterated a “neutral” rating and issued a $40.00 price target (down from $43.00) on shares of Liberty Media Corporation in a report on Monday, May 15th. Pivotal Research reiterated a “buy” rating and issued a $51.00 price target on shares of Liberty Media Corporation in a report on Wednesday, May 24th. FBR & Co reiterated a “buy” rating and issued a $53.00 price target on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Finally, Deutsche Bank AG cut their price target on Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating for the company in a report on Friday, May 12th.
Liberty Media Corporation (LSXMA) traded up 0.05% during midday trading on Tuesday, hitting $43.43. The stock had a trading volume of 253,944 shares. The firm has a market cap of $14.58 billion, a P/E ratio of 33.20 and a beta of 2.69. Liberty Media Corporation has a 12-month low of $31.83 and a 12-month high of $46.43. The stock has a 50-day moving average price of $42.77 and a 200 day moving average price of $39.87.
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In other news, CFO Mark D. Carleton sold 30,816 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $40.16, for a total transaction of $1,237,570.56. Following the completion of the sale, the chief financial officer now directly owns 127,446 shares of the company’s stock, valued at approximately $5,118,231.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Ted Weschler acquired 507,742 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $36.67 per share, with a total value of $18,618,899.14. Following the completion of the purchase, the insider now directly owns 271,034 shares in the company, valued at $9,938,816.78. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,706,443 shares of company stock valued at $66,290,479 and sold 422,003 shares valued at $16,009,101.
Several hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its stake in shares of Liberty Media Corporation by 28.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock valued at $124,000 after buying an additional 650 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Liberty Media Corporation during the first quarter valued at about $127,000. US Bancorp DE boosted its stake in shares of Liberty Media Corporation by 25.5% in the second quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock valued at $149,000 after buying an additional 718 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Liberty Media Corporation by 249.8% in the fourth quarter. Macquarie Group Ltd. now owns 4,600 shares of the technology company’s stock valued at $159,000 after buying an additional 3,285 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Liberty Media Corporation during the second quarter valued at about $195,000. 24.15% of the stock is owned by institutional investors.
Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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