Gabelli Funds LLC boosted its holdings in Liberty Media Corporation (NASDAQ:FWONA) by 126.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,477 shares of the company’s stock after purchasing an additional 120,427 shares during the quarter. Gabelli Funds LLC owned about 0.10% of Liberty Media Corporation worth $7,863,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of FWONA. Hunting Hill Global Capital LLC acquired a new stake in Liberty Media Corporation in the second quarter valued at approximately $3,502,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Liberty Media Corporation during the second quarter valued at approximately $1,795,000. First Trust Advisors LP purchased a new position in shares of Liberty Media Corporation during the second quarter valued at approximately $5,786,000. Rhumbline Advisers purchased a new position in shares of Liberty Media Corporation during the second quarter valued at approximately $1,076,000. Finally, Shufro Rose & Co. LLC purchased a new position in shares of Liberty Media Corporation during the second quarter valued at approximately $624,000. Institutional investors and hedge funds own 11.46% of the company’s stock.
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A number of brokerages recently commented on FWONA. B. Riley reiterated a “neutral” rating on shares of Liberty Media Corporation in a report on Wednesday, November 1st. Citigroup Inc. upgraded Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, September 5th. FBR & Co lifted their price target on Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Bank of America Corporation began coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Liberty Media Corporation has an average rating of “Hold” and a consensus target price of $39.38.
Shares of Liberty Media Corporation (NASDAQ:FWONA) opened at $35.84 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.64. Liberty Media Corporation has a one year low of $27.63 and a one year high of $39.37.
In related news, Chairman John C. Malone sold 153,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.31, for a total transaction 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 $101,051,411.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $36.52, for a total value of $66,685.52. Following the completion of the transaction, the director now owns 823 shares of the company’s stock, valued at $30,055.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,826 shares of company stock worth $7,309,976. 5.34% of the stock is currently owned by corporate insiders.
Liberty Media Corporation Company Profile
Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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