Rhumbline Advisers bought a new position in Liberty Media Corporation (NASDAQ:FWONA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 30,704 shares of the company’s stock, valued at approximately $1,076,000.

Other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. bought a new position in shares of Liberty Media Corporation during the 2nd quarter valued at about $1,795,000. Hunting Hill Global Capital LLC bought a new position in shares of Liberty Media Corporation during the 2nd quarter valued at about $3,502,000. Finally, First Trust Advisors LP bought a new position in shares of Liberty Media Corporation during the 2nd quarter valued at about $5,786,000. 12.22% of the stock is owned by institutional investors.

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Several research firms have commented on FWONA. Zacks Investment Research downgraded shares of Liberty Media Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, June 1st. FBR & Co increased their price objective on shares of Liberty Media Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. FBN Securities downgraded shares of Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 6th. Finally, Citigroup Inc. raised shares of 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.50.

Liberty Media Corporation (FWONA) opened at 36.50 on Monday. The firm’s 50 day moving average is $35.68 and its 200 day moving average is $33.57. The company’s market cap is $7.85 billion. Liberty Media Corporation has a 12-month low of $26.95 and a 12-month high of $38.60.

In related news, Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $41.99, for a total transaction of $755,820.00. Following the transaction, the chairman now directly owns 14,634,102 shares in the company, valued at $614,485,942.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.34% of the stock is owned by company insiders.

Liberty Media Corporation Profile

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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