Liberty Media Corporation (NASDAQ:LSXMA) – Analysts at B. Riley upped their FY2017 earnings per share estimates for Liberty Media Corporation in a report released on Tuesday. B. Riley analyst B. Crockett now anticipates that the technology company will post earnings of $1.72 per share for the year, up from their prior estimate of $1.55. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Liberty Media Corporation’s Q4 2017 earnings at $0.45 EPS, FY2018 earnings at $2.13 EPS and FY2020 earnings at $2.76 EPS.
Several other equities research analysts have also issued reports on LSXMA. Citigroup Inc. lifted 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. Pivotal Research lifted 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. Finally, Bank of America Corporation lifted 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, October 12th. Three research 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 “Buy” and an average target price of $50.80.
Shares of Liberty Media Corporation (NASDAQ LSXMA) traded up $0.44 during mid-day trading on Friday, reaching $41.22. 1,153,916 shares of the company’s stock traded hands, compared to its average volume of 498,266. Liberty Media Corporation has a 12-month low of $33.79 and a 12-month high of $46.43. The firm has a market cap of $23,180.00 and a price-to-earnings ratio of 24.99.
Several large investors have recently modified their holdings of LSXMA. Berkshire Hathaway Inc. raised its position in shares of Liberty Media Corporation by 45.0% in the 2nd quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after buying an additional 4,612,560 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Liberty Media Corporation by 115.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock valued at $80,473,000 after buying an additional 1,029,720 shares in the last quarter. Gruss Capital Management LP acquired a new position in shares of Liberty Media Corporation in the 2nd quarter valued at approximately $41,077,000. Numeric Investors LLC increased its position in Liberty Media Corporation by 4,638.8% during the 2nd quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock worth $32,824,000 after purchasing an additional 765,395 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Liberty Media Corporation during the 1st quarter worth approximately $10,551,000. Institutional investors own 24.53% of the company’s stock.
In other Liberty Media Corporation news, Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $41.99, for a total value of $755,820.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director now directly owns 823 shares of the company’s stock, valued at approximately $30,055.96. The disclosure for this sale can be found here. Insiders have sold a total of 850,283 shares of company stock worth $34,642,831 over the last 90 days.
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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