TIAA CREF Investment Management LLC trimmed its position in Liberty Media Co. (NASDAQ:LSXMA) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,982 shares of the technology company’s stock after selling 29,546 shares during the quarter. TIAA CREF Investment Management LLC owned 0.08% of Liberty Media worth $10,470,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of LSXMA. Point72 Asset Management L.P. raised its stake in Liberty Media by 115.6% during the third quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock worth $80,473,000 after acquiring an additional 1,029,720 shares in the last quarter. Incline Global Management LLC acquired a new position in Liberty Media during the fourth quarter worth $38,215,000. First Quadrant L P CA raised its stake in Liberty Media by 141.4% during the fourth quarter. First Quadrant L P CA now owns 551,918 shares of the technology company’s stock worth $21,889,000 after acquiring an additional 323,264 shares in the last quarter. HBK Investments L P acquired a new position in Liberty Media during the fourth quarter worth $11,254,000. Finally, Teacher Retirement System of Texas acquired a new position in Liberty Media during the fourth quarter worth $6,508,000. Institutional investors and hedge funds own 26.48% of the company’s stock.
Shares of LSXMA stock opened at $41.02 on Friday. The firm has a market cap of $13,832.57, a PE ratio of 12.39, a price-to-earnings-growth 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 announced its earnings results on Thursday, March 1st. The technology company reported $2.04 EPS for the quarter, topping the consensus estimate of $0.50 by $1.54. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. research analysts expect that Liberty Media Co. will post 2.1 EPS for the current fiscal year.
Several research analysts have issued reports on LSXMA shares. Zacks Investment Research upgraded Liberty Media from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. B. Riley reiterated a “buy” rating and set a $56.00 price objective on shares of Liberty Media in a research note on Friday, January 26th. Macquarie restated a “buy” rating and set a $52.00 target price on shares of Liberty Media in a report on Sunday, February 4th. Finally, Buckingham Research assumed coverage on Liberty Media in a report on Friday, January 19th. They set a “buy” rating and a $54.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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