Liberty Media (NASDAQ:FWONA)‘s stock had its “hold” rating reiterated by B. Riley in a research note issued to investors on Tuesday, November 21st. They currently have a $36.00 price target on the stock. B. Riley’s price objective suggests a potential upside of 8.60% from the company’s current price. B. Riley also issued estimates for Liberty Media’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.74) EPS, FY2018 earnings at ($0.05) EPS, FY2019 earnings at $0.53 EPS and FY2020 earnings at $0.67 EPS.
Several other equities research analysts have also recently weighed in on FWONA. Macquarie restated a “buy” rating and issued a $45.00 price objective on shares of Liberty Media in a research report on Thursday, October 5th. J P Morgan Chase & Co initiated coverage on shares of Liberty Media in a research report on Tuesday, October 3rd. They set a “hold” rating and a $38.00 price target for the company. Bank of America initiated coverage on shares of Liberty Media in a research report on Thursday, September 28th. They set a “buy” rating and a $45.00 price target for the company. FBR & Co reiterated a “hold” rating on shares of Liberty Media in a research report on Wednesday, September 20th. Finally, Citigroup upgraded shares of Liberty Media from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.
Shares of Liberty Media (NASDAQ:FWONA) traded up $1.18 during mid-day trading on Tuesday, reaching $33.15. 198,488 shares of the company traded hands, compared to its average volume of 317,158. Liberty Media has a 12-month low of $27.63 and a 12-month high of $39.37. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.63.
In other Liberty Media news, Chairman John C. Malone sold 153,000 shares of Liberty Media stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total value of $5,708,430.00. Following the transaction, the chairman now owns 2,708,427 shares of the company’s stock, valued at $101,051,411.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of Liberty Media stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.52, for a total transaction of $66,685.52. Following the completion of the transaction, the director now directly owns 823 shares in the company, valued at approximately $30,055.96. The disclosure for this sale can be found here. Insiders have sold a total of 190,826 shares of company stock worth $7,309,976 in the last three months. 5.34% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FWONA. Great West Life Assurance Co. Can bought a new stake in shares of Liberty Media in the third quarter worth $105,000. The Manufacturers Life Insurance Company bought a new stake in shares of Liberty Media in the second quarter worth $105,000. Legal & General Group Plc bought a new stake in shares of Liberty Media in the second quarter worth $109,000. Howard Hughes Medical Institute bought a new stake in shares of Liberty Media in the second quarter worth $132,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of Liberty Media in the third quarter worth $204,000. 9.89% of the stock is currently owned by hedge funds and other institutional investors.
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Liberty Media 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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