Kensico Capital Management Corp decreased its holdings in Liberty Media Corporation (NASDAQ:FWONK) by 45.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 934,713 shares of the company’s stock after selling 770,686 shares during the period. Liberty Media comprises about 0.5% of Kensico Capital Management Corp’s investment portfolio, making the stock its 27th biggest holding. Kensico Capital Management Corp owned 0.43% of Liberty Media worth $35,603,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FWONK. Vantage Investment Advisors LLC purchased a new position in shares of Liberty Media in the 2nd quarter worth $113,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Liberty Media in the 3rd quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Liberty Media in the 2nd quarter worth $173,000. SG Americas Securities LLC purchased a new position in shares of Liberty Media in the 2nd quarter worth $183,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Liberty Media in the 2nd quarter worth $188,000. 84.78% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. J P Morgan Chase & Co assumed coverage on Liberty Media in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 price target on the stock. Morgan Stanley raised their price target on Liberty Media from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded Liberty Media from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Bank of America assumed coverage on Liberty Media in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Barclays raised their price target on Liberty Media from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.57.

Liberty Media Corporation (FWONK) opened at $34.63 on Friday. Liberty Media Corporation has a 52-week low of $27.55 and a 52-week high of $41.14.

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Liberty Media Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

Institutional Ownership by Quarter for Liberty Media (NASDAQ:FWONK)

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