Cornerstone Capital Management Holdings LLC. Grows Position in Liberty Media Corporation (LSXMA)

Cornerstone Capital Management Holdings LLC. boosted its holdings in Liberty Media Corporation (NASDAQ:LSXMA) by 38.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,837 shares of the technology company’s stock after purchasing an additional 47,372 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.05% of Liberty Media worth $7,157,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LSXMA. US Bancorp DE increased its stake in Liberty Media by 25.5% in the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock valued at $149,000 after buying an additional 718 shares during the period. Shell Asset Management Co. increased its stake in Liberty Media by 6.3% in the 2nd quarter. Shell Asset Management Co. now owns 8,532 shares of the technology company’s stock valued at $358,000 after buying an additional 507 shares during the period. Janney Montgomery Scott LLC increased its stake in Liberty Media by 9.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,800 shares of the technology company’s stock valued at $621,000 after buying an additional 1,254 shares during the period. Daiwa Securities Group Inc. increased its stake in Liberty Media by 28.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock valued at $124,000 after buying an additional 650 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Liberty Media by 7.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 164,459 shares of the technology company’s stock valued at $6,904,000 after buying an additional 11,669 shares during the period. Hedge funds and other institutional investors own 25.12% of the company’s stock.

Several equities analysts have issued reports on the stock. B. Riley reissued a “buy” rating on shares of Liberty Media in a research note on Wednesday, November 1st. Pivotal Research boosted their price objective on shares of Liberty Media from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Bank of America boosted their price objective on shares of Liberty Media from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.80.

In related news, Chairman John C. Malone sold 18,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $43.28, for a total value of $779,040.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John C. Malone sold 153,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.31, for a total transaction of $5,708,430.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 210,669 shares of company stock worth $8,121,753.

Liberty Media Corporation (NASDAQ LSXMA) opened at $42.31 on Thursday. Liberty Media Corporation has a 12 month low of $34.04 and a 12 month high of $46.43. The firm has a market cap of $14,377.87, a price-to-earnings ratio of 26.41, a PEG ratio of 1.02 and a beta of 2.16.

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Liberty Media 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).

Institutional Ownership by Quarter for Liberty Media (NASDAQ:LSXMA)

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