Liberty Media Corporation (FWONA) Earning Somewhat Positive Media Coverage, Analysis Finds
Media headlines about Liberty Media Corporation (NASDAQ:FWONA) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Liberty Media Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.7704923840997 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Liberty Media Corporation (NASDAQ:FWONA) opened at $36.16 on Friday. The company has a market capitalization of $7,775.09, a P/E ratio of 133.93 and a beta of 1.44. Liberty Media Corporation has a 52 week low of $27.01 and a 52 week high of $39.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.43 and a current ratio of 0.43.
Several equities research analysts have weighed in on the company. Macquarie reissued a “buy” rating and set a $45.00 price objective on shares of Liberty Media Corporation in a research note on Thursday, October 5th. Citigroup Inc. raised Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, September 5th. FBR & Co reissued a “hold” rating on shares of Liberty Media Corporation in a research note on Wednesday, September 20th. J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a research note on Tuesday, October 3rd. They set a “hold” rating and a $38.00 price objective on the stock. Finally, Bank of America Corporation assumed coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $45.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $39.38.
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In related news, Chairman John C. Malone sold 18,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $43.28, for a total value of $779,040.00. Following the transaction, the chairman now owns 14,523,102 shares of the company’s stock, valued at $628,559,854.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 153,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.31, for a total value of $5,708,430.00. Following the completion of the transaction, the chairman now directly owns 2,708,427 shares in the company, valued at approximately $101,051,411.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,826 shares of company stock worth $7,309,976. Insiders own 5.34% 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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