Raffles Associates LP held its position in Liberty Media Corporation (NASDAQ:LSXMA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,878 shares of the technology company’s stock at the end of the 2nd quarter. Raffles Associates LP’s holdings in Liberty Media Corporation were worth $751,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in LSXMA. BlackRock Inc. raised its stake in Liberty Media Corporation by 5,832.2% during the first quarter. BlackRock Inc. now owns 6,304,119 shares of the technology company’s stock valued at $245,359,000 after purchasing an additional 6,197,849 shares in the last quarter. Berkshire Hathaway Inc. raised its stake in Liberty Media Corporation by 45.0% during the second quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after purchasing an additional 4,612,560 shares in the last quarter. Jana Partners LLC purchased a new stake in Liberty Media Corporation during the first quarter valued at $62,713,000. Gruss Capital Management LP purchased a new stake in Liberty Media Corporation during the second quarter valued at $41,077,000. Finally, Numeric Investors LLC raised its stake in Liberty Media Corporation by 4,638.8% during the second quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock valued at $32,824,000 after purchasing an additional 765,395 shares in the last quarter. 24.67% of the stock is currently owned by institutional investors.
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LSXMA has been the topic of a number of recent research reports. Citigroup Inc. upped their price target on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Bank of America Corporation upped their price target on shares of Liberty Media Corporation from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Pivotal Research upped their price target on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.50.
In other news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $36.52, for a total transaction of $66,685.52. Following the transaction, the director now owns 823 shares of the company’s stock, valued at approximately $30,055.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $42.02, for a total transaction of $756,360.00. Following the completion of the sale, the chairman now owns 15,477,920 shares in the company, valued at $650,382,198.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,170,487 shares of company stock worth $47,753,954.
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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