Ameriprise Financial Inc. cut its position in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,719 shares of the technology company’s stock after selling 5,015 shares during the period. Ameriprise Financial Inc.’s holdings in Liberty Media Corporation were worth $1,000,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pecaut & CO. raised its stake in shares of Liberty Media Corporation by 5.7% in the first quarter. Pecaut & CO. now owns 135,900 shares of the technology company’s stock worth $5,289,000 after buying an additional 7,350 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Liberty Media Corporation by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,546 shares of the technology company’s stock worth $527,000 after buying an additional 171 shares in the last quarter. First Manhattan Co. raised its stake in shares of Liberty Media Corporation by 0.3% in the first quarter. First Manhattan Co. now owns 449,671 shares of the technology company’s stock worth $15,279,000 after buying an additional 1,202 shares in the last quarter. Waldron LP raised its stake in shares of Liberty Media Corporation by 0.7% in the first quarter. Waldron LP now owns 25,384 shares of the technology company’s stock worth $985,000 after buying an additional 172 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of Liberty Media Corporation by 35.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 45,206 shares of the technology company’s stock worth $1,759,000 after buying an additional 11,886 shares in the last quarter. 24.44% of the stock is owned by institutional investors and hedge funds.

Shares of Liberty Media Corporation (LSXMA) opened at 42.07 on Tuesday. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 32.16 and a beta of 2.57. Liberty Media Corporation has a 12-month low of $31.65 and a 12-month high of $43.32. The firm’s 50-day moving average is $40.06 and its 200-day moving average is $38.07.

Liberty Media Corporation (NASDAQ:LSXMA) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Analysts predict that Liberty Media Corporation will post $1.85 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on LSXMA. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. FBR & Co reissued a “buy” rating and issued a $53.00 price target on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Pivotal Research reissued a “buy” rating and issued a $51.00 price target on shares of Liberty Media Corporation in a report on Sunday, April 9th. Deutsche Bank AG lowered their target price on shares of Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating for the company in a report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $40.00 target price (down previously from $43.00) on shares of Liberty Media Corporation in a report on Monday, May 15th. 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 a consensus rating of “Buy” and an average target price of $44.00.

In other news, Chairman John C. Malone sold 102,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were 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 owns 2,866,127 shares of the company’s stock, valued at $103,811,119.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Berkshire Hathaway Inc purchased 2,470,117 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were acquired at an average cost of $39.96 per share, with a total value of $98,705,875.32. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,176,560 shares of company stock valued at $164,996,354 and have sold 251,003 shares valued at $9,204,651.

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

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