Citadel Advisors LLC Boosts Stake in Liberty Media Corporation (FWONK)

Citadel Advisors LLC lifted its position in Liberty Media Corporation (NASDAQ:FWONK) by 42.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,527 shares of the company’s stock after purchasing an additional 12,600 shares during the quarter. Citadel Advisors LLC’s holdings in Liberty Media were worth $1,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Liberty Media by 51.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 48,068 shares of the company’s stock valued at $1,828,000 after acquiring an additional 16,397 shares during the period. Legal & General Group Plc boosted its holdings in Liberty Media by 74.6% during the 3rd quarter. Legal & General Group Plc now owns 75,317 shares of the company’s stock valued at $2,869,000 after acquiring an additional 32,176 shares during the period. FNY Partners Fund LP purchased a new stake in Liberty Media during the 3rd quarter valued at about $1,548,000. Great West Life Assurance Co. Can purchased a new stake in Liberty Media during the 3rd quarter valued at about $862,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Liberty Media by 53.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,251 shares of the company’s stock valued at $276,000 after acquiring an additional 2,520 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.

FWONK has been the subject of a number of recent analyst reports. Bank of America initiated coverage on Liberty Media in a research report on Thursday, September 28th. They set a “buy” rating and a $45.00 price target for the company. upped their price target on Liberty Media from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Pivotal Research upped their price target on Liberty Media from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised Liberty Media from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, October 16th. Finally, Morgan Stanley upped their price target on Liberty Media from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.57.

Liberty Media Corporation (NASDAQ FWONK) opened at $33.91 on Wednesday. Liberty Media Corporation has a 52-week low of $27.55 and a 52-week high of $41.14.

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About Liberty Media

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 (NASDAQ:FWONK)

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