Liberty Media Corporation (NASDAQ:LSXMA) Chairman John C. Malone sold 204,000 shares of Liberty Media Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.22, for a total transaction of $7,796,880.00. Following the completion of the transaction, the chairman now directly owns 2,771,574 shares in the company, valued at $105,929,558.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Liberty Media Corporation (NASDAQ:LSXMA) traded down 0.65% on Thursday, reaching $43.02. 335,896 shares of the company were exchanged. Liberty Media Corporation has a 12 month low of $31.83 and a 12 month high of $46.43. The stock has a market capitalization of $14.46 billion, a P/E ratio of 31.26 and a beta of 2.77. The stock has a 50 day moving average price of $43.58 and a 200-day moving average price of $40.59.

COPYRIGHT VIOLATION WARNING: “Liberty Media Corporation (LSXMA) Chairman Sells $7,796,880.00 in Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/09/07/liberty-media-corporation-lsxma-chairman-sells-7796880-00-in-stock.html.

A number of research analysts recently commented on the stock. Citigroup Inc. boosted their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Pivotal Research boosted their price objective on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Deutsche Bank AG lowered their price objective on shares of Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, May 12th. FBR & Co reaffirmed a “buy” rating and set a $53.00 price objective on shares of Liberty Media Corporation in a research report on Tuesday, May 30th. Finally, Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.67.

Hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its stake in shares of Liberty Media Corporation by 28.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after acquiring an additional 650 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Media Corporation during the 1st quarter worth approximately $127,000. US Bancorp DE grew its stake in shares of Liberty Media Corporation by 25.5% during the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after acquiring an additional 718 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Liberty Media Corporation by 249.8% during the 4th quarter. Macquarie Group Ltd. now owns 4,600 shares of the technology company’s stock worth $159,000 after acquiring an additional 3,285 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Liberty Media Corporation during the 2nd quarter worth approximately $195,000. Hedge funds and other institutional investors own 24.68% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Liberty Media Corporation (NASDAQ:LSXMA)

Receive News & Ratings for Liberty Media Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation and related companies with MarketBeat.com's FREE daily email newsletter.