Liberty Media Corp. (LMCA) Chairman John C. Malone Sells 22,794 Shares of Stock
Liberty Media Corp. (NASDAQ:LMCA) Chairman John C. Malone sold 22,794 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $35.62, for a total value of $811,922.28. Following the completion of the sale, the chairman now directly owns 15,975,893 shares of the company’s stock, valued at approximately $569,061,308.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Liberty Media Corp. (NASDAQ:LMCA) opened at 31.29 on Thursday. Liberty Media Corp. has a 12 month low of $17.72 and a 12 month high of $33.28. The company has a 50 day moving average price of $29.14 and a 200-day moving average price of $23.75.
A number of large investors have recently made changes to their positions in LMCA. Eagle Asset Management Inc. bought a new stake in shares of Liberty Media Corp. during the third quarter valued at about $18,829,000. Emerald Acquisition Ltd. bought a new stake in shares of Liberty Media Corp. during the second quarter valued at about $6,576,000. Societe Generale bought a new stake in shares of Liberty Media Corp. during the second quarter valued at about $192,000. Cove Street Capital LLC increased its stake in shares of Liberty Media Corp. by 5,061.6% in the second quarter. Cove Street Capital LLC now owns 1,394,677 shares of the company’s stock valued at $26,694,000 after buying an additional 1,367,657 shares during the period. Finally, Leucadia National Corp bought a new stake in shares of Liberty Media Corp. during the second quarter valued at about $2,942,000. Institutional investors and hedge funds own 27.99% of the company’s stock.
LMCA has been the subject of several recent analyst reports. Pivotal Research increased their price objective on Liberty Media Corp. from $35.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 16th. Citigroup Inc. raised Liberty Media Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $22.00 to $32.00 in a report on Tuesday, September 13th. FBR & Co reaffirmed a “buy” rating and set a $25.00 price target on shares of Liberty Media Corp. in a report on Thursday, September 8th. Zacks Investment Research raised Liberty Media Corp. from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, August 23rd. Finally, Wunderlich downgraded Liberty Media Corp. from a “buy” rating to a “hold” rating and raised their price target for the company from $25.50 to $31.00 in a report on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.67.
About Liberty Media Corp.
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).
Receive News & Ratings for Liberty Media Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corp. and related companies with MarketBeat.com's FREE daily email newsletter.