Bamco Inc. NY raised its stake in shares of Liberty Media Corporation (NASDAQ:FWONA) by 20.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,000 shares of the company’s stock after buying an additional 15,000 shares during the period. Bamco Inc. NY’s holdings in Liberty Media were worth $3,211,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. HighTower Advisors LLC acquired a new stake in shares of Liberty Media in the second quarter valued at about $309,000. Markel Corp acquired a new stake in shares of Liberty Media in the third quarter valued at about $5,747,000. Prudential Financial Inc. acquired a new stake in shares of Liberty Media in the second quarter valued at about $262,000. Swiss National Bank acquired a new stake in shares of Liberty Media in the second quarter valued at about $1,305,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Liberty Media in the third quarter valued at about $253,000. Institutional investors own 9.89% of the company’s stock.
Liberty Media Corporation (NASDAQ FWONA) opened at $33.46 on Friday. Liberty Media Corporation has a one year low of $27.63 and a one year high of $39.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.43.
In related news, Chairman John C. Malone sold 153,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total value of $5,708,430.00. Following the completion of the transaction, the chairman now owns 2,708,427 shares in the company, valued at approximately $101,051,411.37. The transaction was disclosed in a 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 that occurred on Monday, September 25th. The stock was sold at an average price of $36.52, for a total transaction of $66,685.52. Following the completion of the transaction, the director now owns 823 shares of the company’s stock, valued at approximately $30,055.96. The disclosure for this sale can be found here. Insiders sold a total of 190,826 shares of company stock valued at $7,309,976 in the last 90 days. 5.34% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on FWONA shares. B. Riley lifted their target price on Liberty Media from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co started coverage on Liberty Media in a research report on Tuesday, October 3rd. They set a “hold” rating and a $38.00 target price on the stock. Macquarie reissued a “buy” rating and set a $45.00 target price on shares of Liberty Media in a research report on Thursday, October 5th. FBR & Co reissued a “hold” rating on shares of Liberty Media in a research report on Wednesday, September 20th. Finally, Bank of America started coverage on Liberty Media in a research report on Thursday, September 28th. They set a “buy” rating and a $45.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $39.00.
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Liberty Media Company Profile
Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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