Wittenberg Investment Management Inc. held its position in shares of Liberty Media Corporation (NASDAQ:LSXMA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,660 shares of the technology company’s stock at the end of the 2nd quarter. Liberty Media Corporation comprises about 0.8% of Wittenberg Investment Management Inc.’s investment portfolio, making the stock its 28th largest position. Wittenberg Investment Management Inc.’s holdings in Liberty Media Corporation were worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LSXMA. Waldron LP boosted its holdings in shares of Liberty Media Corporation by 0.7% in the 1st quarter. Waldron LP now owns 25,384 shares of the technology company’s stock valued at $985,000 after acquiring an additional 172 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Liberty Media Corporation by 2.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,049 shares of the technology company’s stock valued at $235,000 after acquiring an additional 135 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Liberty Media Corporation by 69.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 56,372 shares of the technology company’s stock valued at $2,194,000 after acquiring an additional 23,100 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Liberty Media Corporation by 14.8% in the 1st quarter. First Trust Advisors LP now owns 227,866 shares of the technology company’s stock valued at $8,869,000 after acquiring an additional 29,424 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Liberty Media Corporation by 27.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 9,888 shares of the technology company’s stock valued at $385,000 after acquiring an additional 2,114 shares during the last quarter. 24.68% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently commented on LSXMA shares. Pivotal Research reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Liberty Media Corporation in a report on Wednesday, May 24th. FBR & Co reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. upped their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $45.67.

Liberty Media Corporation (LSXMA) traded up 0.36% during trading on Friday, hitting $41.81. 86,744 shares of the company traded hands. The company’s 50-day moving average is $42.29 and its 200 day moving average is $40.65. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 30.39 and a beta of 2.77. Liberty Media Corporation has a 52-week low of $31.83 and a 52-week high of $43.06.

In related news, Chairman John C. Malone sold 18,000 shares of Liberty Media Corporation stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.02, for a total value of $756,360.00. Following the transaction, the chairman now directly owns 15,477,920 shares in the company, valued at approximately $650,382,198.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John C. Malone sold 102,000 shares of Liberty Media Corporation 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 in the company, valued at $103,811,119.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,164,821 shares of company stock worth $47,516,693.

Liberty Media Corporation 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).

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

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