Liberty Media Co. (NASDAQ:LSXMA) Holdings Lifted by Cowen Inc.

Cowen Inc. increased its stake in Liberty Media Co. (NASDAQ:LSXMA) by 32.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,294 shares of the technology company’s stock after purchasing an additional 66,925 shares during the period. Liberty Media accounts for about 0.4% of Cowen Inc.’s portfolio, making the stock its 18th largest position. Cowen Inc. owned about 0.08% of Liberty Media worth $10,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LSXMA. The Manufacturers Life Insurance Company boosted its stake in Liberty Media by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,545 shares of the technology company’s stock worth $442,000 after purchasing an additional 720 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Liberty Media by 5.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 83,121 shares of the technology company’s stock valued at $3,483,000 after acquiring an additional 4,242 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Liberty Media by 2.6% during the 3rd quarter. New York State Common Retirement Fund now owns 198,000 shares of the technology company’s stock valued at $8,296,000 after purchasing an additional 5,000 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Liberty Media by 243.9% during the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after purchasing an additional 2,763 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Liberty Media by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 384,141 shares of the technology company’s stock valued at $16,096,000 after purchasing an additional 5,832 shares in the last quarter. Institutional investors own 26.48% of the company’s stock.

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Shares of LSXMA stock traded down $0.16 on Friday, hitting $41.02. 280,882 shares of the stock traded hands, compared to its average volume of 451,243. The stock has a market cap of $13,842.66, a price-to-earnings ratio of 12.39, a PEG ratio of 0.80 and a beta of 1.95. Liberty Media Co. has a twelve month low of $36.33 and a twelve month high of $46.43.

Liberty Media (NASDAQ:LSXMA) last announced its quarterly earnings results on Thursday, March 1st. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $0.50 by $1.54. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. analysts expect that Liberty Media Co. will post 2.1 EPS for the current fiscal year.

LSXMA has been the subject of several recent analyst reports. Citigroup raised shares of Liberty Media from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a report on Monday, January 29th. Zacks Investment Research raised shares of Liberty Media from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, January 31st. Buckingham Research initiated coverage on shares of Liberty Media in a report on Friday, January 19th. They issued a “buy” rating and a $54.00 price target for the company. B. Riley reissued a “buy” rating and issued a $62.00 price target (up previously from $56.00) on shares of Liberty Media in a report on Tuesday, March 13th. Finally, Gabelli reissued a “buy” rating on shares of Liberty Media in a report on Monday, March 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $54.20.

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About Liberty Media

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.

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

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