Liberty Media Corporation (NASDAQ:FWONA) had its target price upped by research analysts at B. Riley from $33.00 to $35.00 in a report released on Tuesday. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price objective points to a potential downside of 0.54% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Citigroup Inc. upgraded Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, September 5th. FBR & Co upped their price objective on Liberty Media Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation started coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Macquarie reiterated a “buy” rating and issued a $45.00 price objective on shares of Liberty Media Corporation in a research note on Thursday, October 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Liberty Media Corporation has a consensus rating of “Hold” and a consensus price target of $38.89.
Shares of Liberty Media Corporation (NASDAQ:FWONA) traded down $0.65 on Tuesday, reaching $35.19. The company had a trading volume of 138,700 shares, compared to its average volume of 322,654. Liberty Media Corporation has a 1 year low of $27.63 and a 1 year high of $39.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.43.
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In other Liberty Media Corporation 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 owns 14,634,102 shares of the company’s stock, valued at approximately $614,485,942.98. The transaction was disclosed in a document filed with the SEC, 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 stock was 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 approximately $30,055.96. The disclosure for this sale can be found here. Insiders sold a total of 190,826 shares of company stock worth $7,309,976 over the last three months. 5.34% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in Liberty Media Corporation during the 2nd quarter worth $67,778,000. Fairview Capital Investment Management LLC acquired a new position in Liberty Media Corporation during the 2nd quarter worth $40,832,000. Brown Advisory Inc. lifted its holdings in Liberty Media Corporation by 6.5% during the 3rd quarter. Brown Advisory Inc. now owns 969,629 shares of the company’s stock worth $35,382,000 after buying an additional 59,171 shares in the last quarter. Odey Asset Management Group Ltd acquired a new position in Liberty Media Corporation during the 2nd quarter worth $33,331,000. Finally, Dynamo Internacional Gestao DE Recursos LTDA. acquired a new position in Liberty Media Corporation during the 2nd quarter worth $28,495,000. 11.44% of the stock is currently owned by hedge funds and other institutional investors.
About Liberty Media Corporation
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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