Renaissance Technologies LLC Cuts Position in Liberty Media Co. (LSXMA)

Renaissance Technologies LLC reduced its stake in Liberty Media Co. (NASDAQ:LSXMA) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,767 shares of the technology company’s stock after selling 147,233 shares during the quarter. Renaissance Technologies LLC owned 0.08% of Liberty Media worth $10,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LSXMA. Partners Capital Investment Group LLP bought a new stake in Liberty Media during the 4th quarter worth about $129,000. State of Alaska Department of Revenue bought a new stake in Liberty Media during the 4th quarter worth about $208,000. Toronto Dominion Bank lifted its position in Liberty Media by 39.7% during the 4th quarter. Toronto Dominion Bank now owns 5,444 shares of the technology company’s stock worth $216,000 after buying an additional 1,548 shares in the last quarter. Oak Grove Capital LLC bought a new stake in Liberty Media during the 4th quarter worth about $238,000. Finally, KBC Group NV lifted its position in Liberty Media by 112.7% during the 4th quarter. KBC Group NV now owns 15,233 shares of the technology company’s stock worth $604,000 after buying an additional 8,072 shares in the last quarter. 26.48% of the stock is currently owned by institutional investors and hedge funds.

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Shares of LSXMA stock opened at $41.02 on Friday. The stock has a market capitalization of $13,832.57, a PE ratio of 12.39, a PEG ratio of 0.80 and a beta of 1.95. Liberty Media Co. has a 52-week low of $36.33 and a 52-week high of $46.43.

Liberty Media (NASDAQ:LSXMA) last issued its earnings results 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 firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. analysts predict that Liberty Media Co. will post 2.1 earnings per share for the current year.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Liberty Media from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. ValuEngine cut shares of Liberty Media to a “strong-buy” rating in a research report on Monday, April 2nd. Citigroup raised shares of Liberty Media from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, January 29th. Gabelli reissued a “buy” rating on shares of Liberty Media in a research report on Monday, March 12th. Finally, B. Riley reissued a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Liberty Media in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Liberty Media (NASDAQ:LSXMA)

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