FY2017 EPS Estimates for Liberty Media Corporation (FWONA) Increased by Analyst

Liberty Media Corporation (NASDAQ:FWONA) – Stock analysts at B. Riley lifted their FY2017 earnings per share estimates for Liberty Media Corporation in a research note issued to investors on Tuesday. B. Riley analyst B. Crockett now expects that the company will earn ($0.74) per share for the year, up from their prior forecast of ($0.81). B. Riley currently has a “Hold” rating and a $36.00 target price on the stock. B. Riley also issued estimates for Liberty Media Corporation’s Q4 2017 earnings at ($0.02) EPS, FY2018 earnings at ($0.05) EPS, FY2019 earnings at $0.53 EPS and FY2020 earnings at $0.67 EPS.

Other equities analysts also recently issued research reports about the company. Macquarie restated a “buy” rating and set a $45.00 target price on shares of Liberty Media Corporation in a report on Thursday, October 5th. Citigroup Inc. upgraded Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday, September 5th. FBR & Co restated a “hold” rating on shares of Liberty Media Corporation in a report on Wednesday, September 20th. J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They set a “hold” rating and a $38.00 target price for the company. Finally, Bank of America Corporation assumed coverage on Liberty Media Corporation in a report on Thursday, September 28th. They set a “buy” rating and a $45.00 target price for the company. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Liberty Media Corporation presently has a consensus rating of “Hold” and a consensus target price of $39.00.

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Shares of Liberty Media Corporation (NASDAQ FWONA) opened at $37.23 on Thursday. Liberty Media Corporation has a 52 week low of $27.63 and a 52 week high of $39.37. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63.

In related news, Chairman John C. Malone sold 153,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.31, for a total transaction of $5,708,430.00. Following the sale, the chairman now directly owns 2,708,427 shares of the company’s stock, valued at $101,051,411.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John C. Malone sold 18,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $43.28, for a total value of $779,040.00. Following the sale, the chairman now directly owns 14,523,102 shares in the company, valued at $628,559,854.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,826 shares of company stock worth $7,309,976. Insiders own 5.34% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in Liberty Media Corporation by 3.1% in the third quarter. GSA Capital Partners LLP now owns 46,752 shares of the company’s stock worth $1,706,000 after purchasing an additional 1,400 shares during the last quarter. First Trust Advisors LP boosted its position in Liberty Media Corporation by 0.9% in the third quarter. First Trust Advisors LP now owns 166,747 shares of the company’s stock worth $6,085,000 after purchasing an additional 1,567 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Liberty Media Corporation by 6.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 30,206 shares of the company’s stock worth $1,102,000 after purchasing an additional 1,920 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Liberty Media Corporation in the third quarter worth about $105,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Liberty Media Corporation in the second quarter worth about $105,000. 11.00% of the stock is currently owned by institutional investors.

Liberty Media Corporation Company Profile

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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