Utah Retirement Systems Reduces Position in Liberty Media Corporation (LSXMA)

Utah Retirement Systems reduced its position in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,195 shares of the technology company’s stock after selling 300 shares during the quarter. Utah Retirement Systems’ holdings in Liberty Media Corporation were worth $680,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Liberty Media Corporation by 28.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after buying an additional 650 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Liberty Media Corporation during the 1st quarter worth approximately $127,000. US Bancorp DE raised its stake in Liberty Media Corporation by 25.5% during the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after buying an additional 718 shares during the period. BB&T Securities LLC acquired a new position in Liberty Media Corporation during the 2nd quarter worth approximately $207,000. Finally, Laurion Capital Management LP acquired a new position in Liberty Media Corporation during the 1st quarter worth approximately $202,000. 24.68% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This story was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/2888114/utah-retirement-systems-reduces-position-in-liberty-media-corporation-lsxma.html.

In related news, CFO Mark D. Carleton sold 54,187 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $40.11, for a total value of $2,173,440.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John C. Malone sold 102,000 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $36.22, for a total transaction of $3,694,440.00. Following the completion of the transaction, the chairman now directly owns 2,866,127 shares of the company’s stock, valued at approximately $103,811,119.94. The disclosure for this sale can be found here. Insiders sold a total of 1,164,821 shares of company stock valued at $47,516,693 in the last ninety days.

Liberty Media Corporation (NASDAQ:LSXMA) opened at 43.00 on Wednesday. Liberty Media Corporation has a 12-month low of $31.83 and a 12-month high of $43.06. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 31.25 and a beta of 2.77. The stock has a 50 day moving average price of $42.72 and a 200-day moving average price of $39.77.

LSXMA has been the subject of a number of research analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $51.00 price target on shares of Liberty Media Corporation in a research report on Wednesday, May 24th. Citigroup Inc. increased their price target on Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. FBR & Co reaffirmed a “buy” rating and set a $53.00 price target on shares of Liberty Media Corporation in a research report on Tuesday, May 30th. Finally, Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Liberty Media Corporation has an average rating of “Buy” and a consensus price target of $45.67.

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).

Want to see what other hedge funds are holding LSXMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation (NASDAQ:LSXMA).

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

Receive News & Ratings for Liberty Media Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.