Liberty Media Corporation (NASDAQ:LSXMA) Chairman John C. Malone sold 153,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total value of $5,708,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Liberty Media Corporation (NASDAQ LSXMA) traded up 2.57% during trading on Wednesday, hitting $43.50. The stock had a trading volume of 745,199 shares. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 31.61 and a beta of 2.57. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $43.53. The company’s 50 day moving average price is $42.11 and its 200 day moving average price is $42.11.

WARNING: “Liberty Media Corporation (LSXMA) Chairman John C. Malone Sells 153,000 Shares” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/04/liberty-media-corporation-lsxma-chairman-john-c-malone-sells-153000-shares.html.

Several hedge funds and other institutional investors have recently made changes to their positions in LSXMA. BlackRock Inc. boosted its stake in shares of Liberty Media Corporation by 5,832.2% in the 1st quarter. BlackRock Inc. now owns 6,304,119 shares of the technology company’s stock worth $245,359,000 after buying an additional 6,197,849 shares during the last quarter. Berkshire Hathaway Inc. boosted its stake in shares of Liberty Media Corporation by 45.0% in the 2nd quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock worth $623,838,000 after buying an additional 4,612,560 shares during the last quarter. Jana Partners LLC purchased a new position in shares of Liberty Media Corporation in the 1st quarter worth approximately $62,713,000. Gruss Capital Management LP purchased a new position in shares of Liberty Media Corporation in the 2nd quarter worth approximately $41,077,000. Finally, Numeric Investors LLC boosted its stake in shares of Liberty Media Corporation by 4,638.8% in the 2nd quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock worth $32,824,000 after buying an additional 765,395 shares during the last quarter. Hedge funds and other institutional investors own 24.67% of the company’s stock.

LSXMA has been the topic of several research analyst reports. Citigroup Inc. upped their price objective on Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Pivotal Research upped their price objective on Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Liberty Media Corporation presently has an average rating of “Buy” and an average price target of $45.67.

About Liberty Media Corporation

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.