EastBay Asset Management LLC lessened its position in Liberty Media Corporation (NASDAQ:BATRA) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,699 shares of the financial services provider’s stock after selling 6,487 shares during the quarter. Liberty Media Corporation accounts for 0.4% of EastBay Asset Management LLC’s portfolio, making the stock its 17th largest position. EastBay Asset Management LLC owned about 0.36% of Liberty Media Corporation worth $4,269,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Liberty Media Corporation by 106.8% in the 2nd quarter. Royal Bank of Canada now owns 4,857 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,508 shares during the period. Goldman Sachs Group Inc. purchased a new position in Liberty Media Corporation in the 2nd quarter worth about $269,000. The Manufacturers Life Insurance Company increased its stake in Liberty Media Corporation by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,426 shares of the financial services provider’s stock worth $296,000 after buying an additional 1,984 shares during the period. Marshall Wace North America L.P. purchased a new position in Liberty Media Corporation in the 2nd quarter worth about $328,000. Finally, Rhumbline Advisers increased its stake in Liberty Media Corporation by 5.6% in the 2nd quarter. Rhumbline Advisers now owns 15,009 shares of the financial services provider’s stock worth $359,000 after buying an additional 801 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Separately, ValuEngine downgraded shares of Liberty Media Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th.
Liberty Media Corporation (BATRA) traded down 1.07% on Thursday, reaching $25.05. 28,343 shares of the company traded hands. Liberty Media Corporation has a 1-year low of $16.52 and a 1-year high of $26.52. The stock’s market capitalization is $1.24 billion. The stock has a 50 day moving average of $25.08 and a 200-day moving average of $24.44.
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).
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