Swiss National Bank bought a new position in shares of Liberty Media Corporation (NASDAQ:FWONA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,268 shares of the company’s stock, valued at approximately $1,305,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Hunting Hill Global Capital LLC acquired a new position in Liberty Media Corporation in the second quarter valued at approximately $3,502,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $1,795,000. First Trust Advisors LP acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $5,786,000. Rhumbline Advisers acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $1,076,000. Finally, Shufro Rose & Co. LLC acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $624,000. Hedge funds and other institutional investors own 11.47% of the company’s stock.
Shares of Liberty Media Corporation (NASDAQ:FWONA) opened at 37.83 on Friday. The stock’s market cap is $8.13 billion. The company’s 50-day moving average price is $37.38 and its 200-day moving average price is $34.14. Liberty Media Corporation has a 52-week low of $26.95 and a 52-week high of $39.32.
In related news, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $41.99, for a total transaction of $755,820.00. Following the transaction, the chairman now directly owns 14,634,102 shares of the company’s stock, valued at $614,485,942.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $36.52, for a total value of $66,685.52. Following the transaction, the director now directly owns 823 shares in the company, valued at $30,055.96. The disclosure for this sale can be found here. Insiders have sold 172,826 shares of company stock worth $6,530,936 over the last ninety days. 5.34% of the stock is owned by insiders.
Several equities research analysts recently weighed in on the company. Citigroup Inc. raised Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, September 5th. FBR & Co reaffirmed a “hold” rating on shares of Liberty Media Corporation in a report on Wednesday, September 20th. 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 price target for the company. Zacks Investment Research raised Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Macquarie reaffirmed a “buy” rating and set a $45.00 price target on shares of Liberty Media Corporation in a report on Thursday, October 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $39.38.
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About Liberty Media Corporation
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
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