LS Investment Advisors LLC held its stake in Liberty Media Corporation (NASDAQ:LSXMA) during the second quarter, Holdings Channel reports. The fund owned 5,056 shares of the technology company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Liberty Media Corporation were worth $212,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pecaut & CO. boosted its stake in Liberty Media Corporation by 6.5% in the second quarter. Pecaut & CO. now owns 144,670 shares of the technology company’s stock valued at $6,073,000 after buying an additional 8,770 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Liberty Media Corporation by 509.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,970 shares of the technology company’s stock worth $628,000 after buying an additional 12,514 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Liberty Media Corporation by 5.0% in the second quarter. Xact Kapitalforvaltning AB now owns 10,381 shares of the technology company’s stock worth $436,000 after buying an additional 493 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Liberty Media Corporation by 16.5% in the first quarter. Nuveen Asset Management LLC now owns 392,362 shares of the technology company’s stock worth $15,271,000 after buying an additional 55,518 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Liberty Media Corporation by 59.0% in the first quarter. Goldman Sachs Group Inc. now owns 653,691 shares of the technology company’s stock worth $25,442,000 after buying an additional 242,669 shares in the last quarter. Hedge funds and other institutional investors own 24.34% of the company’s stock.

Shares of Liberty Media Corporation (LSXMA) traded down 0.48% during midday trading on Monday, reaching $43.79. The company’s stock had a trading volume of 87,705 shares. The company’s 50-day moving average price is $41.76 and its 200 day moving average price is $39.31. Liberty Media Corporation has a 1-year low of $31.65 and a 1-year high of $46.43. The firm has a market capitalization of $14.70 billion, a PE ratio of 33.48 and a beta of 2.69.

Liberty Media Corporation (NASDAQ:LSXMA) last released its earnings results on Tuesday, May 9th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, equities research analysts forecast that Liberty Media Corporation will post $1.85 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “LS Investment Advisors LLC Maintains Position in Liberty Media Corporation (NASDAQ:LSXMA)” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/07/ls-investment-advisors-llc-maintains-position-in-liberty-media-corporation-nasdaqlsxma.html.

LSXMA has been the subject of a number of research reports. Pivotal Research reiterated a “buy” rating and issued a $51.00 price objective on shares of Liberty Media Corporation in a research note on Sunday, April 9th. FBR & Co reiterated a “buy” rating and issued a $53.00 price objective on shares of Liberty Media Corporation in a research note on Tuesday, May 30th. Zacks Investment Research upgraded Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG reduced their price objective on Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, May 12th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $40.00 price objective (down previously from $43.00) on shares of Liberty Media Corporation in a research note on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.00.

In related news, insider R. Ted Weschler purchased 377,657 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $41.64 per share, with a total value of $15,725,637.48. Following the acquisition, the insider now owns 271,034 shares in the company, valued at approximately $11,285,855.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $42.02, for a total value of $756,360.00. Following the completion of the sale, the chairman now directly owns 15,477,920 shares in the company, valued at approximately $650,382,198.40. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,706,443 shares of company stock worth $66,290,479 and have sold 422,003 shares worth $16,009,101.

Liberty Media Corporation Company Profile

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.