Gamco Investors INC. ET AL Buys 3,062 Shares of Liberty Media Corporation (LSXMA)
Gamco Investors INC. ET AL grew its stake in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 641,372 shares of the technology company’s stock after purchasing an additional 3,062 shares during the quarter. Gamco Investors INC. ET AL owned 0.19% of Liberty Media Corporation worth $26,873,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in shares of Liberty Media Corporation by 28.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after acquiring an additional 650 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Media Corporation in the first quarter worth about $127,000. US Bancorp DE lifted its stake in shares of Liberty Media Corporation by 25.5% in the second quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after acquiring an additional 718 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Liberty Media Corporation in the second quarter worth about $195,000. Finally, BB&T Securities LLC bought a new stake in Liberty Media Corporation in the second quarter valued at about $207,000. Institutional investors own 24.62% of the company’s stock.
In related news, CFO Mark D. Carleton sold 19,843 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $40.91, for a total value of $811,777.13. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $409,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John C. Malone sold 18,000 shares of the company’s 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. The disclosure for this sale can be found here. Insiders sold a total of 1,017,487 shares of company stock valued at $41,728,544 over the last three months.
LSXMA has been the subject of several recent research reports. Citigroup Inc. upped their target price on Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Pivotal Research upped their target price on Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Bank of America Corporation upped their target price on Liberty Media Corporation from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, B. Riley reaffirmed a “buy” rating on shares of Liberty Media Corporation in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Liberty Media Corporation currently has a consensus rating of “Buy” and a consensus target price of $49.17.
Liberty Media Corporation (NASDAQ LSXMA) opened at $40.89 on Thursday. Liberty Media Corporation has a fifty-two week low of $32.64 and a fifty-two week high of $46.43. The stock has a market capitalization of $13,823.45, a P/E ratio of 30.25, a P/E/G ratio of 1.09 and a beta of 2.46.
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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