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.
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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).
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