Wittenberg Investment Management Inc. boosted its stake in shares of Liberty Media Corporation (NASDAQ:LSXMK) by 30.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,247 shares of the technology company’s stock after purchasing an additional 31,475 shares during the period. Liberty Media Corporation comprises 2.5% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 10th largest holding. Wittenberg Investment Management Inc.’s holdings in Liberty Media Corporation were worth $5,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in Liberty Media Corporation by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 78,043 shares of the technology company’s stock valued at $3,240,000 after purchasing an additional 2,672 shares during the period. Asset Management Advisors LLC raised its position in Liberty Media Corporation by 36.7% in the second quarter. Asset Management Advisors LLC now owns 151,875 shares of the technology company’s stock worth $6,333,000 after acquiring an additional 40,790 shares during the period. Wells Fargo & Company MN raised its position in Liberty Media Corporation by 21.5% in the second quarter. Wells Fargo & Company MN now owns 1,108,722 shares of the technology company’s stock worth $46,233,000 after acquiring an additional 195,875 shares during the period. Tredje AP fonden raised its position in Liberty Media Corporation by 807.6% in the second quarter. Tredje AP fonden now owns 79,320 shares of the technology company’s stock worth $3,308,000 after acquiring an additional 70,580 shares during the period. Finally, Hosking Partners LLP raised its position in Liberty Media Corporation by 1.7% in the second quarter. Hosking Partners LLP now owns 273,610 shares of the technology company’s stock worth $11,410,000 after acquiring an additional 4,446 shares during the period. Institutional investors own 77.03% of the company’s stock.

Liberty Media Corporation (LSXMK) traded up 0.36% on Friday, reaching $41.68. 67,532 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $42.24 and a 200 day moving average price of $40.46. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 30.29 and a beta of 2.60. Liberty Media Corporation has a 12-month low of $31.34 and a 12-month high of $43.00.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/15/wittenberg-investment-management-inc-raises-position-in-liberty-media-corporation-lsxmk.html.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. TheStreet upgraded shares of Liberty Media Corporation from a “d” rating to a “c” rating in a research report on Friday, July 7th.

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).

Want to see what other hedge funds are holding LSXMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation (NASDAQ:LSXMK).

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

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.