Locust Wood Capital Advisers LLC Takes Position in Liberty Media Corporation (FWONK)

Locust Wood Capital Advisers LLC purchased a new stake in shares of Liberty Media Corporation (NASDAQ:FWONK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,311,673 shares of the company’s stock, valued at approximately $49,962,000. Liberty Media Corporation comprises 4.7% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 6th biggest position. Locust Wood Capital Advisers LLC owned 0.61% of Liberty Media Corporation at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vantage Investment Advisors LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $173,000. SG Americas Securities LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $183,000. D.A. Davidson & CO. purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $188,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $206,000. 78.24% of the stock is owned by institutional investors.

WARNING: “Locust Wood Capital Advisers LLC Takes Position in Liberty Media Corporation (FWONK)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/20/locust-wood-capital-advisers-llc-takes-position-in-liberty-media-corporation-fwonk.html.

Several brokerages have weighed in on FWONK. Morgan Stanley increased their price objective on Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co began coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They set a “neutral” rating and a $38.00 price objective for the company. Finally, Bank of America Corporation began coverage on Liberty Media Corporation in a report on Thursday, September 28th. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Liberty Media Corporation has an average rating of “Hold” and an average price target of $38.50.

Shares of Liberty Media Corporation (FWONK) traded up 1.10% during trading on Friday, reaching $40.42. The company’s stock had a trading volume of 1,544,620 shares. The firm’s 50-day moving average price is $38.89 and its 200-day moving average price is $35.70. The company’s market capitalization is $8.69 billion. Liberty Media Corporation has a one year low of $26.44 and a one year high of $41.14.

Liberty Media Corporation Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the Un

Other institutional investors and hedge funds have also modified their holdings of the company. Vantage Investment Advisors LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $173,000. SG Americas Securities LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $183,000. D.A. Davidson & CO. purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $188,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at approximately $206,000. 78.24% of the stock is owned by institutional investors.

WARNING: “Locust Wood Capital Advisers LLC Takes Position in Liberty Media Corporation (FWONK)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/20/locust-wood-capital-advisers-llc-takes-position-in-liberty-media-corporation-fwonk.html.

Several brokerages have weighed in on FWONK. Morgan Stanley increased their price objective on Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co began coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They set a “neutral” rating and a $38.00 price objective for the company. Finally, Bank of America Corporation began coverage on Liberty Media Corporation in a report on Thursday, September 28th. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Liberty Media Corporation has an average rating of “Hold” and an average price target of $38.50.

Shares of Liberty Media Corporation (FWONK) traded up 1.10% during trading on Friday, reaching $40.42. The company’s stock had a trading volume of 1,544,620 shares. The firm’s 50-day moving average price is $38.89 and its 200-day moving average price is $35.70. The company’s market capitalization is $8.69 billion. Liberty Media Corporation has a one year low of $26.44 and a one year high of $41.14.

Liberty Media Corporation Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

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Institutional Ownership by Quarter for Liberty Media Corporation (NASDAQ:FWONK)

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