Wittenberg Investment Management Inc. acquired a new position in shares of Liberty Media Corporation (NASDAQ:FWONA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,412 shares of the company’s stock, valued at approximately $784,000.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $109,000. Wayne Hummer Investments L.L.C. acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $218,000. SG Americas Securities LLC acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $229,000. Prudential Financial Inc. acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $262,000. Finally, Eaton Vance Management acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $336,000. 12.22% of the stock is owned by institutional investors.

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Several research firms have recently weighed in on FWONA. 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 research report on Tuesday, September 5th. FBR & Co upped their target price on Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. FBN Securities lowered Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 6th. Finally, Pivotal Research dropped their target price on Liberty Media Corporation from $55.00 to $50.00 and set a “buy” rating on the stock 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. The stock currently has an average rating of “Hold” and a consensus target price of $37.50.

Liberty Media Corporation (NASDAQ:FWONA) traded up 1.134% during mid-day trading on Friday, reaching $37.905. The company had a trading volume of 35,817 shares. The company’s market capitalization is $8.15 billion. Liberty Media Corporation has a one year low of $26.95 and a one year high of $38.60. The stock has a 50 day moving average price of $35.32 and a 200 day moving average price of $33.40.

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.

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

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