Bislett Management LLC acquired a new stake in Liberty Media Corporation (NASDAQ:FWONA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $5,255,000. Liberty Media Corporation accounts for approximately 3.2% of Bislett Management LLC’s portfolio, making the stock its 13th biggest holding. Bislett Management LLC owned about 0.07% of Liberty Media Corporation at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $3,257,000. State of Wisconsin Investment Board acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $13,162,000. Gamco Investors INC. ET AL acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $5,239,000. Eagle Asset Management Inc. acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $16,162,000. Finally, Mad River Investors acquired a new stake in shares of Liberty Media Corporation in the second quarter valued at approximately $590,000. 12.22% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. Citigroup Inc. raised Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, September 5th. FBR & Co increased their price objective on Liberty Media Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Zacks Investment Research raised Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. FBN Securities downgraded Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 6th. Finally, Pivotal Research decreased their price objective on Liberty Media Corporation from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Liberty Media Corporation currently has a consensus rating of “Hold” and an average price target of $37.50.

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Liberty Media Corporation (NASDAQ FWONA) traded up 0.18% during midday trading on Wednesday, hitting $38.31. The stock had a trading volume of 31,443 shares. The stock has a 50-day moving average price of $34.90 and a 200 day moving average price of $33.30. Liberty Media Corporation has a one year low of $24.11 and a one year high of $38.60. The firm’s market cap is $8.24 billion.

About Liberty Media Corporation

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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

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