Tensile Capital Management LLC increased its holdings in Liberty Media Co. (NASDAQ:BATRK) by 38.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,511,326 shares of the financial services provider’s stock after acquiring an additional 416,000 shares during the period. Liberty Media comprises about 5.7% of Tensile Capital Management LLC’s holdings, making the stock its 8th largest holding. Tensile Capital Management LLC owned approximately 3.95% of Liberty Media worth $33,582,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in Liberty Media in the 4th quarter worth about $262,000. Citadel Advisors LLC purchased a new stake in Liberty Media in the 4th quarter worth about $279,000. Jefferies Group LLC purchased a new stake in Liberty Media in the 4th quarter worth about $281,000. Parametric Portfolio Associates LLC lifted its stake in Liberty Media by 2.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,365 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 483 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Liberty Media by 10,646.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 19,773 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 19,589 shares in the last quarter. 73.53% of the stock is owned by hedge funds and other institutional investors.
BATRK stock traded down $0.46 during mid-day trading on Friday, hitting $22.77. The stock had a trading volume of 86,262 shares, compared to its average volume of 143,216. Liberty Media Co. has a 1-year low of $21.53 and a 1-year high of $26.20. The firm has a market cap of $922.77, a P/E ratio of -44.65 and a beta of 1.23.
Liberty Media (NASDAQ:BATRK) last issued its earnings results on Thursday, March 1st. The financial services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $20.00 million during the quarter. sell-side analysts forecast that Liberty Media Co. will post -1.04 earnings per share for the current fiscal year.
Several research analysts have weighed in on BATRK shares. Morgan Stanley upped their target price on Liberty Media from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Liberty Media from a “sell” rating to a “hold” rating in a research report on Tuesday.
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Liberty Media Company 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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