Liberty Media Corporation (FWONA) Receives Consensus Recommendation of “Hold” from Analysts
Liberty Media Corporation (NASDAQ:FWONA) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.50.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Liberty Media Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 1st. Citigroup Inc. raised Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, September 5th. FBR & Co raised their target price on Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Finally, FBN Securities downgraded Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 6th.
Liberty Media Corporation (NASDAQ:FWONA) traded down 0.16% on Friday, hitting $36.50. 140,761 shares of the company were exchanged. The stock’s 50-day moving average price is $35.68 and its 200-day moving average price is $33.57. The stock’s market capitalization is $7.85 billion. Liberty Media Corporation has a 52-week low of $26.95 and a 52-week high of $38.60.
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In other news, Chairman John C. Malone sold 18,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $41.99, for a total transaction of $755,820.00. Following the completion of the transaction, the chairman now directly owns 14,634,102 shares in the company, valued at approximately $614,485,942.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.34% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FWONA. Vanguard Group Inc. purchased a new position in Liberty Media Corporation during the 2nd quarter valued at about $67,778,000. Fairview Capital Investment Management LLC purchased a new position in Liberty Media Corporation during the 2nd quarter valued at about $40,832,000. Odey Asset Management Group Ltd purchased a new position in Liberty Media Corporation during the 2nd quarter valued at about $33,331,000. Dynamo Internacional Gestao DE Recursos LTDA. purchased a new position in Liberty Media Corporation during the 2nd quarter valued at about $28,495,000. Finally, Southeastern Asset Management Inc. TN purchased a new position in Liberty Media Corporation during the 2nd quarter valued at about $19,525,000. Institutional investors own 12.22% of the company’s stock.
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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