Cornerstone Capital Management Holdings LLC. lessened its position in shares of Liberty Media Co. (NASDAQ:LSXMA) by 98.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,700 shares of the technology company’s stock after selling 168,137 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Liberty Media were worth $107,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSXMA. HBK Investments L P purchased a new position in shares of Liberty Media in the 4th quarter worth approximately $11,254,000. CMT Trading LLC purchased a new position in shares of Liberty Media in the 4th quarter worth approximately $217,000. Stone Ridge Asset Management LLC purchased a new position in shares of Liberty Media in the 4th quarter worth approximately $1,793,000. Gardner Lewis Asset Management L P boosted its holdings in shares of Liberty Media by 24.4% in the 4th quarter. Gardner Lewis Asset Management L P now owns 126,364 shares of the technology company’s stock worth $5,012,000 after purchasing an additional 24,758 shares during the period. Finally, Incline Global Management LLC purchased a new position in shares of Liberty Media in the 4th quarter worth approximately $38,215,000. Institutional investors and hedge funds own 26.48% of the company’s stock.
LSXMA opened at $41.02 on Friday. Liberty Media Co. has a 52-week low of $36.33 and a 52-week high of $46.43. The firm has a market cap of $13,832.57, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.95.
Liberty Media (NASDAQ:LSXMA) last posted its quarterly earnings data on Thursday, March 1st. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $1.54. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. equities analysts expect that Liberty Media Co. will post 2.1 earnings per share for the current year.
A number of brokerages have recently commented on LSXMA. ValuEngine cut Liberty Media to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut Liberty Media from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. B. Riley restated a “buy” rating and set a $62.00 price objective (up previously from $56.00) on shares of Liberty Media in a report on Tuesday, March 13th. Gabelli restated a “buy” rating on shares of Liberty Media in a report on Monday, March 12th. Finally, Macquarie restated a “buy” rating and set a $52.00 price objective on shares of Liberty Media in a report on Sunday, February 4th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.20.
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Liberty Media Profile
Liberty Media Corp. engages in the operation and ownership of various media, communications, and entertainment businesses. Its businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group, and the Formula One Group. It provides equipment and technology that deliver location-based services to wireless users.
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