Victory Capital Management Inc. trimmed its position in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 635,263 shares of the technology company’s stock after selling 59,510 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Liberty Media Corporation worth $26,668,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its holdings in Liberty Media Corporation by 28.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after acquiring an additional 650 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Media Corporation in the 1st quarter worth about $127,000. US Bancorp DE lifted its position in shares of Liberty Media Corporation by 25.5% in the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after buying an additional 718 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Liberty Media Corporation by 249.8% in the 4th quarter. Macquarie Group Ltd. now owns 4,600 shares of the technology company’s stock worth $159,000 after buying an additional 3,285 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Liberty Media Corporation in the 1st quarter worth about $202,000. 24.68% of the stock is owned by institutional investors and hedge funds.
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In related news, CFO Mark D. Carleton sold 30,816 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $40.16, for a total transaction of $1,237,570.56. Following the completion of the sale, the chief financial officer now owns 127,446 shares in the company, valued at $5,118,231.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John C. Malone sold 306,842 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $42.88, for a total value of $13,157,384.96. Following the sale, the chairman now owns 15,080,919 shares of the company’s stock, valued at approximately $646,669,806.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,164,821 shares of company stock valued at $47,516,693.
Liberty Media Corporation (LSXMA) traded up 1.49% during mid-day trading on Friday, hitting $42.28. 698,730 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $42.29 and a 200 day moving average of $40.97. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $43.06. The stock has a market capitalization of $14.21 billion, a P/E ratio of 30.73 and a beta of 2.77.
A number of research analysts have recently issued reports on the stock. Pivotal Research restated a “buy” rating and issued a $51.00 price target on shares of Liberty Media Corporation in a research report on Wednesday, May 24th. Citigroup Inc. lifted their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. FBR & Co reiterated a “buy” rating and issued a $53.00 price objective on shares of Liberty Media Corporation in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Liberty Media Corporation has an average rating of “Buy” and an average target price of $45.67.
Liberty Media Corporation Company Profile
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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